Last time we went to Guangzhou, we (French) could use Weixin (WeChat) pay for the first time. This unlocked the possibility to use the local Uber, Didi.
One of them was driving an X-Peng P7+, or Xiao Peng (pronounce shiao pong).
The car was so impressive we had a little chat with the driver.
I let you dig the Internet for the specs of the car, or Youtube for some reviews.
What was almost jaw dropping :
- 180000 yuans, or +/- 23000 € in May. I know, no doubt that in France, after taxes and resellers margin, it would be at least double this price. Can't know, this model is no imported, yet. We can only find the G6 at around 50000 €, and the G9 for about 70000 €. No, thanks.
- he told us that car prices have fallen 3 times in the past few months. Tell me, when was the last time you heard about paying less than before for a car? 12 years ago, I paid my Honda Civic (second product range) 25000 €. Nowadays, the first price for a Civic is almost 38000 €. Have your salaries increased that much in 12 years?
By the way, when Chinese gvt and people set their mind onto something, they do not hesitate nor take much time to think about it: in about 5 years, they replace nearly all cars by EV. Maybe can you see few hybrid ones. Or "luxury" gas powered ones, from did-you-noticed-I-have-money?-a-lot-of-money brands like BMW, Mercedes, Porsche ... Even few supercars like Lambo or McLaren. But all these are exceptions in an ocean of EV (+ electric bikes, scooters ...).