China's Xpeng aims to cut costs with new vehicle manufacturing platform

SHANGHAI : China's electric vehicle maker Xpeng unveiled on Sunday a new platform it developed in-house for making vehicles, which it said will reduce the development and manufacturing costs for its company's upcoming models.

He said that these cost reductions would give Xpeng an edge against its rivals in an increasingly competitive market."The focus on the capability of offering attractive products at affordable prices becomes even more important." The architecture includes front and rear integrated aluminum die casting technologies and integrating battery packs into the car body, which will improve the manufacturing efficiency and reduce the weight of the vehicles, the company added.

In January, Tesla cut prices globally including China to spur demand while Chief Executive Officer Elon Musk said in March that demand at scale was limited by affordability.

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