XPeng Motors is off to a hot start with the first BEV in its new AI-centric MONA line. After garnering tens of thousands of MONA M03 orders in its first couple of days, XPeng is now asking its component suppliers to bolster their capacity so the Chinese automaker can try and keep up with demand.
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Just days after officially launching orders of its new MONA M03 EV in China, XPeng Motors is seeing huge customer interest as deliveries begin. The Chinese automaker reported the M03 garnered over 30,000 orders in its first 48 hours on sale.
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When XPeng Motors announced its new MONA line of AI-centric BEVs, it said it was gunning for the Tesla in China. After officially launching its first MONA model, the M03, in China today, XPeng is coming out with guns blazin’, announcing a starting price of RMB 119,800 ($16,815). That’s over half the price of a Tesla Model 3. As a result, the M03 has garnered huge orders out of the gate.
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Days after kicking off mass production of its new MONA M03 sedan in China, XPeng Motors has set a date for its official launch and shared its starting price. At around $19,000, the MONA M03 will arrive as XPeng’s most affordable BEV model to date.
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According to a recent post from XPeng Motors founder, chairman, and CEO He Xiaopeng, the Chinese EV automaker’s new AI-centric model, the MONA M03, has begun mass production overseas. This is another notable milestone, as the MONA M03 is expected to launch later this month.
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We have learned new details of XPeng’s new lineup of MONA EVs, beginning with the flagship M03 model. This new AI-centric BEV is promised to deliver its class’s strongest smart driving capabilities and will launch at a starting price below RMB 200,000 ($27,500).
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Nine days before XPeng Motors is expected to launch its new AI-centric BEV brand MONA publicly, it has given the social media world a little appetizer by sharing the official name and first full image of its first model.
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XPeng Motors kept things relatively short but sweet during its 20-minute presentation at the 2024 Beijing International Auto Show earlier today, but there’s a lot to get excited about following several updates from XPeng founder, chairman, and CEO He Xiaopeng, including an “entirely new breed” of EVs under a new sub-brand. Here’s the full recap.
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