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Chinese EV maker Xpeng joins Tesla, Seres to cut some models' prices

SHANGHAI/BEIJING (Reuters) -Chinese automaker Xpeng (NYSE:XPEV) on Tuesday announced price cuts for some models in the country in a notice on its official WeChat account,...
Chinese EV maker Xpeng joins Tesla, Seres to cut some models' prices © Reuters. People walk past an Xpeng booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song/Files
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SHANGHAI/BEIJING (Reuters) -Chinese automaker Xpeng (NYSE:XPEV) on Tuesday announced price cuts for some models in the country in a notice on its official WeChat account, following similar moves by Tesla (NASDAQ:TSLA) and Seres and fuelling expectations of a wider price war.

Xpeng lowered the starting prices for its best-selling pure electric P7 sedan to 209,900 yuan ($31,015), according to the notice, 12.5% lower from its previous level. The automaker also slashed prices for all versions of P5 sedan and G3i sports-utility vehicles by between 10% and 13%, according to Reuters calculations based on the prices.

"We hope to make intelligent vehicles more accessible to more people with more competitive prices," Xpeng spokesperson told Reuters in a statement after the price cut.

For car owners who purchased their automobiles before the price cut, Xpeng said it will offer extended maintenance services for free as compensation.

($1 = 6.7678 yuan)

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    EUR/USD 1.0692 Sell  
    GBP/USD 1.2430 Neutral  
    USD/JPY 140.14 ↑ Sell  
    AUD/USD 0.6596 Neutral  
    USD/CAD 1.3428 ↑ Sell  
    EUR/JPY 149.84 ↑ Sell  
    EUR/CHF 0.9733 Neutral  
    Gold 1,963.95 ↑ Sell  
    Silver 23.685 ↑ Buy  
    Copper 3.7165 ↑ Buy  
    Crude Oil WTI 73.27 ↑ Buy  
    Brent Oil 77.75 ↑ Buy  
    Natural Gas 2.202 Neutral  
    US Coffee C 180.60 ↑ Sell  
    Euro Stoxx 50 4,323.52 ↑ Buy  
    S&P 500 4,282.37 ↑ Sell  
    DAX 16,051.23 ↑ Sell  
    FTSE 100 7,607.28 Sell  
    Hang Seng 18,949.94 ↑ Buy  
    Small Cap 2000 1,830.91 ↑ Buy  
    IBEX 35 9,317.30 Buy  
    BASF 46.790 ↑ Sell  
    Bayer 52.61 ↑ Buy  
    Allianz 210.15 Sell  
    Adidas 159.52 Buy  
    Lufthansa 9.303 Buy  
    Siemens AG 159.28 ↑ Buy  
    Deutsche Bank AG 9.862 Sell  
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# So hôm qua # Chênh TG
SJC Eximbank6,650/ 6,690
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