Understanding the Market | XPENG-W fell over 4%, Citigroup stated that the release of Xiaomi YU7 brings negative impact, and it is expected that the pricing of XPeng G7 may be adjusted downward
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XPENG-W's stock price fell over 4%, reporting HKD 71.15 as of the time of writing, with a transaction volume of HKD 2.382 billion. Xiaomi released its first SUV, Xiaomi YU7, which has shown strong order performance and is expected to negatively impact the pricing of XPeng G7, potentially lowering it to RMB 210,000 to maintain competitiveness. The XPeng G7 will officially launch next week with a pre-sale price of RMB 235,800, and pre-order users can enjoy purchase discounts
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