Xpeng Motors has increased prices for all three of its available electric vehicle (EV) models, days after the Chinese government announced further cuts to existing subsidies for EV purchases on Dec. 31. The price bumps bring the cost of the P5 600P, the most expensive version of Xpeng’s second sedan model, to RMB 229,300 from RMB 223,900. For its premium sedan P7, the new price tags reflect an increase of up to RMB 5,900. Earlier this month, Tesla and Volkswagen also raised prices for their EVs in China to offset the subsidy cuts.
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