幸运咖门店数破万家：咖啡价格战会加剧吗？丨消费参考

Group 1 - Luckin Coffee has surpassed 10,000 stores globally as of November 24, 2025, with pricing primarily between 6-8 yuan, making it cheaper than its competitor, Kudi, which has a flat price of 9.9 yuan [1][2] - As of the end of Q3, Luckin Coffee operates 29,214 stores, while Kudi has 18,000 stores. Luckin Coffee has expanded to over 300 cities, including more than 1,000 stores in first-tier cities [2] - The rapid growth of Luckin Coffee is attributed to the competitive landscape driven by delivery service wars, with a 164% year-on-year increase in new store openings in Q2 [2] Group 2 - The reduction of delivery subsidies is impacting the coffee market, with Luckin Coffee's same-store sales growth facing short-term pressure as noted by its executives [3][4] - The coffee price war may stabilize as delivery subsidies decrease, with expectations that prices will settle in a certain range, potentially around 6-8 yuan for Luckin Coffee [6][9] - Luckin Coffee's growth trajectory positions it as a strategic competitor to established players like Luckin and Kudi, especially as it reaches a significant scale [8][9]