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Tesla Model 3 continued to dip to 250000 yuan, putting great pressure on domestic independent electric vehicle manufacturers, so Xiaopeng launched a guaranteed sales policy in response to Tesla's price reduction.

Recently, Xiaopeng issued a price insurance policy on the Xiaopeng P7, which said: from October 1, 2020 to February 11, 2021, if the market environment changes, resulting in a reduction in the national recommended retail price after the comprehensive subsidy for the existing P7 models, Xiaopeng promises to make a commitment to all customers who have previously bought the Xiaopeng P7.

In addition, the policy also states: from October 1, 2020 to the Spring Festival in 2021, if Xiaopeng adjusts its car purchase policy, the invoice price is lower when the same region (province / municipality directly under the Central Government), the same mode of car purchase (full money, loan, battery lease) and the same configuration model are configured in the complete vehicle configuration, and the car purchase rights are used to deduct the price of optional parts. Xiaopeng also promised to compensate all previous customers who bought Xiaopeng P7.

As for the way of compensation, there will be price difference compensation for undelivered customers, while Xiaopeng Mall points will be compensated for those customers who have already delivered.

Xiaopeng car quotation policy indicates that Xiaopeng P7 may have a wave of price cuts in the near future, as for the extent and timing of the price reduction has yet to be officially announced.

The Xiaopeng P7 is the second product of Xiaopeng Motors, with a subsidised price range of 22.99-349900 yuan, with four endurance versions of 552km, 568km, 656km and 706km respectively. According to the data of China Automobile Research Institute, the dangerous volume of Xiaopeng P7 in August this year was 2033 vehicles, with a total delivery of 4151 vehicles.

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