China’s Xpeng Motors on Thursday launched its newest midsize crossover, the G7, featuring what it calls a future-proof design for Level 3 (L3) semi-autonomous driving capabilities at a price lower than those of strong competitors such as the Tesla Model Y and Xiaomi’s YU7. The G7, boasting a combination of class-leading technological functions, went on sale at a lower-than-expected price range of between RMB 195,800 and RMB 225,800 ($27,334-$31,522), with its top-end version approximately RMB 30,000 cheaper than the entry-level Model Y and YU7. By comparison, that number for the Model Y and YU7 is roughly at 700 TOPS. Xpeng said it received more than 10,000 reservations with RMB 5,000 non-refundable deposits within nine minutes of the G7’s launch event. [TechNode reporting, Xpeng release, in Chinese]Related