China's Xpeng cuts prices on some models starting Tuesday
Tweet
Share
E-mail
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
BEIJING (Reuters) - Chinese automaker Xpeng on Tuesday announced price cuts for some models in the country in a notice on its official WeChat account.
The move came after automaker Seres Group cut starting prices for its Aito electric cars by 30,000 yuan ($4,440) last Friday, following earlier price cuts by Tesla (TSLA.O) and fuelling expectations of a wider price war.
($1 = 6.7610 yuan)
(Reporting by Beijing Newsroom; Editing by Tom Hogue)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UK's Burnham to welcome Zelenskiy as first foreign visitor
- Vessel sinks a week after being struck by Russian fire, Ukrainian officials say
- Israel to allow international force into Gaza, Israeli official says
Create E-mail Alert Related Categories
ReutersRelated Entities
TeslaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
