Chinese automaker Xpeng (XPEV) announced price cuts for some models in a notice on its official WeChat account, following similar moves by rivals Tesla (TSLA) and Seres, reported Reuters’ Zhang Yan and Brenda Goh. Competition is intensifying in the electric vehicle sector in China and these price cuts are fueling expectations of a wider price war, the report stated. Reference Link
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on XPEV: