Xpeng has bowed to an intensifying price war in China’s electric-vehicle market, cutting sticker prices by as much as 13 percent after Tesla’s surprise cuts at the start of the year.
Xpeng has bowed to an intensifying price war in China’s electric-vehicle market, cutting sticker prices by as much as 13 percent after Tesla’s surprise cuts at the start of the year.
The moves are an adjustment for many automakers and suppliers that were concerned about the tariffs. Some say the tariff revisions fall short of protecting suppliers.