On the evening of August 27th, XPeng Motors successfully went public on the New York Stock Exchange. That night, Tmall launched a subsidy of billions of yuan on Juhuasuan to celebrate the IPO of XPeng Motors.
Opening the Tmall official website, the “Juhuasuan Billion Subsidy” has listed the car products of XPeng Motors’ official flagship store, with a limited subsidy of 50,000 yuan per car. After the subsidy, the purchase price of XPeng P7 Long-life Intelligent Edition is only 204,900 yuan, and XPeng G3i 460i Intelligent Enjoyment Edition is only 119,800 yuan. As of now, the current inventory has been sold out, and XPeng Motors has responded on Weibo, urging to “replenish inventory quickly”.
In addition, XPeng Motors’ Tmall official flagship store also launched a “1 yuan down payment to enjoy 2,000 yuan car purchase subsidy” activity and a “test drive to receive 50-1000 yuan Cat Super Card” activity. The activity time will end on August 31st.
It should be noted that Alibaba is an important investor in XPeng Motors, and has previously led XPeng Motors in multiple investments. After the IPO, Alibaba’s shareholding will reach 12.7%.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.