SHANGHAI, Nov 6 (Reuters) - Xpeng ( XPEV ) unveiled its
extended-range hybrid technology on Wednesday, as the Chinese
electric vehicle maker bets on a pivot to such products that are
more cost-competitive than pure EVs to boost sales and improve
profitability.
Its "Kunpeng Super Electric System" enables a car to drive
more than 1,400 kilometres with an internal combustion engine
available to charge the batteries once depleted, founder He
Xiaopeng said at a livestream event in the southern Chinese city
of Guangzhou.
"I have noticed that the infrastructure such as power grid
in many countries is actually less developed than that in China.
We need new types of power charging solutions catering to
different market conditions globally. Therefore, we have come up
with the extended range hybrid," He said.
However, the automaker did not say when it would launch new
models equipped with this technology.
Following Li Auto ( LI ), which has been mainly selling
extended-range electric vehicles (EREV), more Chinese automakers
are embracing this technology, which uses fewer batteries that
account for a significant part of the cost of an EV.
Nio is also planning an EREV for sale only in
overseas markets, including the Middle East, North Africa and
Europe, Reuters reported earlier this week.
In October, battery giant CATL also launched its first
battery product specialised for extended range hybrids as it
aims to meet the growing demand from automaker clients and
consumers.
EREVs are also subject to the European Commission's
additional tariffs against Chinese-made EVs, but they could help
automakers lower costs per vehicle to partly counter the impact,
said Yale Zhang, managing director at Automotive Foresight.
They can adapt to markets that don't have sufficient
infrastructure for mass adoption of EVs, Zhang added. For
example, in Europe, 16 EVs need to share one charging pole while
the ratio has dropped to 2.5 to 1 in China, according to Zhang.
Xpeng ( XPEV ) also showcased other new technologies, including its
self-developed chip for artificial intelligence, its humanoid
robot and a flying car.
It will deliver the latest version of the advanced assisted
driving system to its users this month and aims to improve the
success rate of changing lanes and parking autonomously, the
company said.