© Reuters. People walk past an Xpeng booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song/Files
BEIJING (Reuters) – Chinese automaker Xpeng (NYSE:) 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 (NASDAQ:.O) and fuelling expectations of a wider price war.
($1 = 6.7610 yuan)
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