Xpeng launched the P7i in China on March 10, and on November 6 rolled out two lower-priced versions of the model with LFP battery packs.
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Xpeng (NYSE: XPEV) is offering a limited-time deal on its flagship sedan, the P7i, after launching lower-priced versions of the model a month ago.
Xpeng is offering up to RMB 26,000 ($3,630) off all versions of the P7i, bringing the starting price of the Max version down to RMB 224,900, the company announced today on its social media platforms.
Versions of the P7i with a range of 702 km and 610 km are eligible for discounts including a RMB 10,000 cash subsidy (or a 24-period 0 percent interest loan), a RMB 5,000 insurance subsidy, and a Dynaudio stereo worth RMB 6,000 yuan.
Customers can also pay RMB 1 to get a coupon worth RMB 5,000 on mainstream e-commerce platforms in China.
The offer is valid from December 8 to December 17, according to a poster by Xpeng.
Xpeng did not mention specific offers for other variants of the P7i, saying only that customers can get details by consulting its stores.
Xpeng launched the P7i in China on March 10; it's a facelifted version of the P7, and deliveries began in March.
The P7i was then offered in four variants -- 702 Pro, 702 Max, 610 Max Performance, and 610 Wing Performance -- with starting prices of RMB 249,900, RMB 269,900, RMB 289,900, and RMB 339,900, respectively.
On November 6, Xpeng launched two new versions of the P7i with lower-cost lithium iron phosphate (LFP) battery packs, bringing the starting price down by RMB 26,000 yuan. Previously the model's battery packs were all Li-ion ternary batteries.
The two versions with LFP battery packs are the P7i 550 Pro and P7i 550 Max, with starting prices of RMB 223,900 and RMB 239,900, respectively.
Xpeng had previously offered a limited-time offer for the P7i briefly in September. Between September 1 and September 30, customers could enjoy discounts of up to RMB 24,000 on all P7i models, it announced on September 1.
Xpeng's current models on sale include the P7 series, P5, G9, G6, and G3i. It delivered a record 20,041 vehicles in November, with the G6 contributing 8,750 units. Breakdown sales figures for other models are not yet available.
The company delivered 20,002 vehicles in October, with the P7 series contributing 4,250, or 21.25 percent.
In the January-October period, the P7 series delivered 38,110 vehicles, down 29.8 percent.
($1 = RMB 7.1550)
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