
Xpeng's new EV platform aims to cut costs and compete with Tesla in China.
Chinese EV maker XPeng has unveiled its Smart Electric Platform Architecture (SEPA) 2.0, which will reduce the cost of development and manufacturing for future models. The platform will support a range of vehicle types and is expected to shorten the R&D cycle for future models by 20%. XPeng's upcoming G6 coupe SUV will be the first vehicle built on the SEPA 2.0 platform. The cost-focused event comes as XPeng's rivals have sparked price wars in China.
