:Xpeng's U.S.-listed shares jumped more than 11 per cent on Friday after the electric-car maker priced its latest G6 sport utility vehicle about 20 per cent lower than Tesla's Model Y in China.
China was the biggest market for Tesla's Model Y electric sport utility vehicles in the first quarter, helping it become the world's top selling vehicle during the period. The price of Xpeng G6 starts at 209,900 yuan , compared with Tesla Model Y whose starting price is 263,900 yuan.
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Chinese EV maker Xpeng's shares jump after pricing SUV below Tesla Model Y, lifts peersElectric-car maker Xpeng Inc priced its latest G6 sport utility vehicle about 20 per cent lower than Tesla's Model Y in China, sending its U.S.-listed shares up 7.6 per cent in premarket trading on Friday. U.S.-listed shares of its peers Li Auto and Nio also rose 0.3 per cent and 2.2 per cent, respectivel
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