Take a look at Chinese EV maker Xpeng's upcoming P5 sedan, which is undercutting Tesla's Model 3 by a third

Xpeng expects to start deliveries of the P5 in the fourth quarter of 2021.Xpeng

• Xpeng revealed the pricing for the P5, its new electric sedan, last week.
• The cheapest version comes in at $24,670 - a third less than the cost of Tesla's Model 3 in China.
• The P5 has a top speed of 105.6 miles per hour and some versions come with Lidar technology.

Chinese electric-vehicle startup Xpeng revealed the pricing for its new electric sedan, the P5, last week - and it's undercutting Tesla's Model 3 in China by more than a third.

Xpeng

Sources: Insider, Xpeng

Xpeng will sell six versions of its upcoming P5, priced between 160,000 yuan ($24,670) and 230,000 yuan ($38,550) after subsidies.

Xpeng

The names - and prices - of the six versions are based on their range and level of autonomy.

Xpeng

Its estimated cruising range starts at 286 miles, rising to 373 miles for the more expensive models.

Xpeng

As well as longer ranges, the more expensive versions come with the hardware for Xpeng's XPILOT 3.5 autonomous driving assistance system, though the software and upgrades need to be bought separately.

Xpeng

Versions with XPILOT 3.5 feature 32 perception sensors, including 13 high-definition cameras.

Xpeng

Some versions come with light detection and ranging (Lidar) technology, too, which uses lasers to measure the distance, shape, and orientation of objects.

Xpeng

All six versions have a top speed of 105.6 miles per hour and can accelerate from 0 to 62 miles per hour in 7.5 seconds.

Xpeng

Compared to its pricier sports sedan, the P7, Xpeng is aiming the P5 at families.

Xpeng

The seats can be pushed back ...

Xpeng

... to turn the car into a sleeping space ...

Xpeng

... or a cinema, with the eight built-in speakers.

Xpeng

It's equipped with a 15.6-inch touchscreen, too.

Xpeng

Xpeng launched pre-orders for the P5 in April and said it expects to start deliveries in the fourth quarter of 2021.

Xpeng