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.
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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 will sell six versions of its upcoming P5, priced between 160,000 yuan ($24,670) and 230,000 yuan ($38,550) after subsidies.
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The names - and prices - of the six versions are based on their range and level of autonomy.
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Its estimated cruising range starts at 286 miles, rising to 373 miles for the more expensive models.
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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.
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Versions with XPILOT 3.5 feature 32 perception sensors, including 13 high-definition cameras.
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Some versions come with light detection and ranging (Lidar) technology, too, which uses lasers to measure the distance, shape, and orientation of objects.
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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.
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Compared to its pricier sports sedan, the P7, Xpeng is aiming the P5 at families.
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The seats can be pushed back ...
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... to turn the car into a sleeping space ...
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... or a cinema, with the eight built-in speakers.
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It's equipped with a 15.6-inch touchscreen, too.
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Xpeng launched pre-orders for the P5 in April and said it expects to start deliveries in the fourth quarter of 2021.
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