Chinese electric car startup Xpeng Motors will offer preferential policies for consumers in Beijing with zero down payment, zero financial service fee, and zero purchase tax, the company said on February 21.

Xpeng said that users who paid a deposit of 500 yuan can get 5,000 yuan for car purchases, and users can choose to refund the deposit in the future.

Used car replacements can enjoy preferential policies such as 10,000 yuan replacement subsidies. The activity period is from February 21, 2020 to March 31, 2020.

Xpeng has resumed work on February 10, and the high-profile second brand new product, the P7, will be available in the second quarter of this year and start delivery.

The Xpeng P7 is equipped with the world's latest generation of square battery packs, with a rated energy of 80.87kWh and an energy density of> 160Wh/kg. It brings NEDC integration of 550 + km (four-wheel drive high-performance models) to 650 + km (rear-drive super-long battery life) recharge mileage.