Chinese electric car start-up Xpeng has released its most expensive car to date, marking the company’s foray into a higher price range.

Shares of the automaker briefly fell by more than 15% in Hong Kong trading Thursday.

On Wednesday night, Xpeng announced its newest car, the G9 SUV, will be priced from 309,900 yuan ($44,270) to 469,000 yuan. Deliveries are set to begin in China in October, the company said.

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