XPeng models see price increases after China lowered state subsidies

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The Chinese EV maker XPENG saw their models price being increased after Chinese Government lowered state subsidies. According to current policies, models that do not support battery swap – like NIO – will not be eligible for subsidies if their price is below RMB 300,000 which makes both Sedans (P5 and P7) plus the G3i SUV excluded from subsidies.

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The increase applies on the models that are priced below RMB 300,000 ($47,075) and the change on the final price is about $700 higher on average:

P7 Sedan: RMB 4,300 – 5,900 (between $675 and $926)

P5 Sedan: RMB 4,800 – 5,400 (between $753 and $847)

G3i SUV: RMB 4,800 – 5,400 (between $753 and $847)

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Xpeng announced that the consumers who make a deposit until January 10, 2022, will be able to get the same subsidy amount as in 2021. After that date, if the Chinese government does not issue a new policy, they will see a 30% reduction in the subsidies.

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