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China EVs: Xpeng cuts price of bestselling G6 SUV to maintain high sales volume amid intensifying competition

The Guangzhou-based company said the starting price of the G6 will be lowered by 10,000 yuan (US$1,400) to 199,900 yuan, and the discount will be effective until the end of this month. ....

Brian Gu , China Passenger Car Association , Navigation Guided Pilot , Full Self Driving , Intensified Competition , Autonomous Driving ,

XPeng Is Expecting A Brighter 2024 Despite Intensified Competition

On Wednesday, XPeng Inc (NYSE: XPEV) delivered its third quarter results that showed aggressive promotions with which the EV maker responded to Tesla Inc (NASDAQ: TSLA), who kicked off a price war at the beginning of a year, took a toll on its bottom line. XPeng Reported Its Losses Widened For the quarter ended on September 30th, revenue surged 22% YoY to $1.17 billion, slightly missing FactSet’s estimate of $1.19 billion. But this is XPeng’s first revenue gain since 2022’s third quarter as well ....

Li Auto Inc , Tesla Inc , Company Limited , Xpeng Inc , Reported Its Losses , Stock Market Game , Benzinga Pro , Day Trial , Intensified Competition , Third Quarter Results , Li Auto ,