XPeng Adjusts Benefits Offered to Consumers, Denies Price Cuts

CnEVPost2022-11-17

Although XPeng has not directly adjusted the prices of its models, the discounts to some extent amount to a price cut in disguise, local media said.XPeng Motors denies that the company has made price ...

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Simonnov
2022-11-18
Simonnov
Ic

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The P5 offers an RMB 14,000 discount on all versions except the 460e version, which has a base discount of RMB 8,000, according to the report.Although XPeng did not directly adjust model prices, the discounts amount to a disguised price cut to some extent, Jiemian's report said.XPeng's move is normal when there is pressure, the report said, citing comments from Cui Dongshu, secretary-general of the China Passenger Car Association, on the company's practice of offering discounts on car purchases.Other car companies have previously launched similar responses.On October 25, The Paper cited sales sources at AITO, a Huawei-backed NEV brand, as saying that consumers could receive an RMB 8,000 reduction on the final payment for its vehicles.Auto Home later cited AITO as saying that it had canceled its previous offerings, including the loan interest discount, on October 24, but offered a flat RMB 8,000 insurance subsidy to consumers who purchased some current models.On October 31, Ford announced a price cut of RMB 20,000 to RMB 26,000 for the Mustang Mach-E in China.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9963479158,"gmtCreate":1668743516074,"gmtModify":1676538106877,"author":{"id":"4097750438225520","authorId":"4097750438225520","name":"Simonnov","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ic","listText":"Ic","text":"Ic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963479158","repostId":1154013025,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":43,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1154013025"}