XPeng Offering Discounts to Clear P7 Inventory, Facelift to Launch Next Week, Report Says

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XPeng Offering Discounts to Clear P7 Inventory, Facelift to Launch Next Week, Report Says

CnEVPost2023-03-03

XPeng is offering big discounts on the P7, with a facelift of the flagship sedan set to hit the market soon.The electric vehicle maker's stores are offering discounts on the P7 to speed up inventory ...

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rosatmk
·2023-03-03
K
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Yingss
·2023-03-03
Like
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Elbert tan
·2023-03-03
Good
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Elbert tan
·2023-03-03
Ok
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RL7741
·2023-03-03
Good sharing [Smile]
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href=https://cnevpost.com/2023/03/03/xpeng-offering-discounts-to-clear-p7-inventory-facelift-next-week/><strong>CnEVPost</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>XPeng is offering big discounts on the P7, with a facelift of the flagship sedan set to hit the market soon.The electric vehicle maker's stores are offering discounts on the P7 to speed up inventory ...</p>\n\n<a href=\"https://cnevpost.com/2023/03/03/xpeng-offering-discounts-to-clear-p7-inventory-facelift-next-week/\">Source 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similar to what its local counterpart NIO (NYSE: NIO) did in early February, both to clear inventory of older models, the report said.The new XPeng P7, to be called the P7i, will go on sale next week, when pricing information will be announced, the report said, citing an XPeng source.On March 1, NIO reported disappointing fourth-quarter earnings, in which gross margin slipped to 3.9 percent from 13.3 percent in the third quarter and vehicle margin fell to 6.8 percent from 16.4 percent in the third quarter.NIO's vehicle margin was negatively impacted by 6.7 percentage points in the fourth quarter due to inventory provisioning, accelerated depreciation of production facilities and loss of purchase commitments for the current generation ES8, ES6 and EC6, the company said.XPeng will report its unaudited financial results for the fourth quarter and fiscal year 2022 on Friday, March 17, before the opening of the US markets.On January 17, XPeng lowered the prices of all models except the G9 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