• 167
  • 18
  • 1

Xpeng Fell over 6% in Premarket Trading after It Hiked the Price Of Electric Cars

Tiger Newspress2022-03-21

Xpeng fell over 6% in premarket trading after it hiked the price of electric cars.

Chinese electric vehicle maker Xpeng will hike the price of its cars citing a sharp rise in the cost of raw materials.

Xpeng said from Mar. 21, price increases on its vehicles will range from 10,100 Chinese yuan ($1,587) to 20,000 yuan before subsidies. The company did not give a breakdown of the specific price rises for each of its models.

Xpeng currently sells the flagship P7 sedan, the P5 sedan and the G3 sports utility vehicle. It is gearing up to launch the G9 SUV later this year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment18

  • JC888
    ·2022-03-22
    Will XPENG falls further given that (a) NIO has confirmed that it would not be adjusting its price now and (b) what if LI Auto EV prices remains status quo ?  Same goes for (c) Wuling (the highest EV sales by volume) and (d) BYD - Warren Buffet invested EV manufacturer.  The economic principles of Supply and Demand at play....
    Reply
    Report
  • JLKang
    ·2022-03-22
    Maybe it show customers are not happy and they do not have pricing power? 
    Reply
    Report
  • SCLIEW
    ·2022-03-22
    666
    Reply
    Report
  • 74rk
    ·2022-03-22
    bla.bla
    Reply
    Report
  • Pluto891
    ·2022-03-22
    inflation n supply chain woes?
    Reply
    Report
  • Evey77
    ·2022-03-21
    Didn't drop enough to buy 😅
    Reply
    Report
  • Quicklearner
    ·2022-03-21
    Nio not raising price yet 
    Reply
    Report
  • Steven Tay
    ·2022-03-21
    Ok
    Reply
    Report
  • phongy 45
    ·2022-03-21
     been so relentlessly bashed so the rise is not surprising as there's still room for uptrend
    Reply
    Report
  • Kclchua989
    ·2022-03-21
    Ok
    Reply
    Report
  • koolgal
    ·2022-03-21
    The market sentiment is currently very skittish and it is no surprise if XPeng share price fell due to price hike of its EVs. Hopefully things will calm down soon. 🙏🙏
    Reply
    Report
  • Bubble5728
    ·2022-03-21
    [Smile] 
    Reply
    Report
  • Bspn
    ·2022-03-21
    Ok
    Reply
    Report
  • ElvisLHS
    ·2022-03-21
    Read...pls like. Thanks in advance 
    Reply
    Report
  • soosoo
    ·2022-03-21
    Ok
    Reply
    Report
  • Narujoe99
    ·2022-03-21
    Like Me
    Reply
    Report
  • wallence82
    ·2022-03-21
    Better 
    Reply
    Report
  • JaiVenky
    ·2022-03-21
    Noise
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial