Xiaomi Motors triggered a new round of 'price cuts', and more than 6 domestic car companies followed suit

With Xiaomi Motors entering the market with the SU7 priced from 215,900 yuan, a new round of "price cuts" in the new energy market has begun, and competition has further intensified.

According to incomplete statistics from Titanium Media, on the first day of April, many car companies such as Wenjie, NIO, and Xpeng launched preferential policies or subsidy activities to reduce prices in disguise.

Among them, Wenjie’s new M7 has a direct discount of RMB 20,000, starting from RMB 229,800; Xiaopeng G9 has a maximum subsidy of RMB 20,000 to RMB 243,900; Weilai’s 2024 model oil vehicle replacement subsidy is RMB 10,000, and Geely’s Some car models offer discounts of up to 53,000 yuan for daily replacement.

It is worth noting that while the domestic “price reduction wave” continues, Tesla announced today that the price of the domestic Model Y series will increase by 5,000 yuan.

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