TECH - Xpeng Offers $1400 Discount On G6 SUV Price As EV Market Competition Intensifies | Benzinga
In an attempt to drive up sales, Xpeng Inc. (NYSE:XPEV) has announced a limited-time price reduction for its G6 SUV, effective from Dec.18. This move follows a similar price cut for the P7i sedan earlier in the month.
What Happened: Xpeng communicated through its social media channels that customers buying the G6 SUV within December would receive a discount of RMB 10,000 ($1,400), reported CnEVPost on Sunday. An alternative offer is a 24-term zero-interest loan for clients who choose not to take the discount. The offer would be available from Dec. 18 onwards.
The promotional offer brings down the G6’s starting price to RMB 199,900 ($28043.55). The G6 model, which was officially unveiled in China on June 29, has witnessed robust sales, although growth has plateaued in the last two months.
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In November, the G6 made up 43.66% of Xpeng’s monthly deliveries of 20,041 units. Amid rising competition in China’s ...