Xpeng Shares Dropped 3.5% in Premarket Trading

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Xpeng Shares Dropped 3.5% in Premarket Trading

Tiger Newspress2023-01-17

Chinese automaker Xpeng shares dropped 3.5% in premarket trading after the company cut prices on some models starting Tuesday.

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 and fuelling expectations of a wider price war.

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Comment（4）

Barbarazhao
·2023-01-17
Ok
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D1234
·2023-01-17
@CASHBae, 2nd quarter onwards, EVs sales Will improved. Thank you 👍👍
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- CASHBae:
  Cross my fingers it'll rise tremendously. It's been too long a wait.
  2023-02-16
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CASHBae
·2023-01-17
Not good news for vested interest like me. It takes tortoise ages for it to rise. I'm suffering anemia already [Spurting] [Gosh]
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Guavaxf30
·2023-01-17
This price war is going to hurt many EV companies. Good for consumer though.
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Thank you 👍👍","listText":"@CASHBae, 2nd quarter onwards, EVs&nbsp;sales Will improved. Thank you 👍👍","text":"@CASHBae, 2nd quarter onwards, EVs sales Will improved. Thank you 👍👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9956808602","repostId":1119811935,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105813616,"gmtCreate":1676562947806,"gmtModify":1676562951256,"authorId":4117515235335612,"author":{"id":4117515235335612,"idStr":"4117515235335612","authorId":4117515235335612,"name":"CASHBae","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956808602,"type":1,"supId":0,"prevId":0,"content":"Cross my fingers it'll rise tremendously. It's been too long a wait.","text":"Cross my fingers it'll rise tremendously. It's been too long a wait.","html":"Cross my fingers it'll rise tremendously. It's been too long a wait."}],"langContent":"EN"},{"id":9956803720,"gmtCreate":1673948968760,"gmtModify":1676538907321,"author":{"id":"4117515235335612","authorId":"4117515235335612","name":"CASHBae","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4117515235335612","authorIdStr":"4117515235335612"},"htmlText":"Not good news for vested interest like me. It takes tortoise ages&nbsp;for it to rise. I'm suffering&nbsp;anemia already&nbsp;[Spurting]&nbsp;[Gosh]&nbsp;","listText":"Not good news for vested interest like me. It takes tortoise ages&nbsp;for it to rise. I'm suffering&nbsp;anemia already&nbsp;[Spurting]&nbsp;[Gosh]&nbsp;","text":"Not good news for vested interest like me. It takes tortoise ages for it to rise. I'm suffering anemia already [Spurting] [Gosh]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956803720","repostId":1119811935,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956175201,"gmtCreate":1673947443903,"gmtModify":1676538907132,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3576140222331577","authorIdStr":"3576140222331577"},"htmlText":"This price war is going to hurt many EV companies. Good for consumer though.","listText":"This price war is going to hurt many EV companies. Good for consumer though.","text":"This price war is going to hurt many EV companies. Good for consumer though.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956175201","repostId":1119811935,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":19,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}