On August 30, news broke that the all-new Xiaopeng P7 had officially debuted on August 27 with a starting price of 219,800 yuan. Within an astonishing seven minutes of its launch, orders surpassed 10,000 units. The following day, at the Chengdu Auto Show, He Xiaopeng, Chairman of Xiaopeng Motors, expressed his sentiments post-launch, remarking that the pricing of the new vehicle seemed unduly low. He disclosed that the company aims for the P7 to secure a spot among the top three best-selling sports sedans in the 200,000-300,000 yuan price bracket. Despite the presence of over a dozen competing models in this segment, the company remains unwavering in its confidence. He Xiaopeng further emphasized that the Chinese automotive industry resembles an endless marathon, with the true intensity of competition only now beginning to unfold. Automotive companies must strive for comprehensive development, evolving into all-encompassing enterprises. An investor, with two decades of experience in the technology sector, echoed this sentiment, stating that he had never witnessed competition as fierce as that in the automotive industry.