Leapmotor, Xpeng report record July sales as their cheaper EVs appeal to Chinese consumers
Chinese electric vehicle (EV) makers Leapmotor and Xpeng reported record sales last month, spurred by the popularity of their inexpensive cars, as a price war faded following Beijing’s intervention to cool the market. After EV builders held back on discounts and interest-free loans to comply with Beijing’s call to end a brutal price war, intelligent…