BEIJING, Jan 17 (Reuters) – Chinese automaker Xpeng (9868.HK) 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 (601127.SS) cut starting prices for its Aito electric cars by 30,000 yuan ($4,440) last Friday, following earlier price cuts by Tesla (TSLA.O) and fuelling expectations of a wider price war.
($1 = 6.7610 yuan)
Reporting by Beijing Newsroom; Editing by Tom Hogue
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