Xpeng said the Mona M03 will be priced under RMB 200,000 yuan ($27,500) and will have the strongest smart driving capabilities in its class.
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Category: Xpeng Mona
Xpeng said the Mona M03 is a good-looking and fun car for young people.
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The Xpeng M03 is powered by two different motors with peak power of 140 kW and 160 kW, respectively. It has lithium iron phosphate batteries from BYD.
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Xpeng shows details of the side design of the Mona M03 in a new image.
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Xpeng calls the first model in the Mona lineup the Xpeng M03 and unveils the first official image of the model.
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Xpeng management said earlier this month that Mona's first model will be unveiled in June and will go on sale and begin deliveries in the third quarter.
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Xpeng will spend RMB 3.5 billion ($480 million) in 2024 on R&D of AI technology around smart driving and recruit 4,000 new professionals.
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Xpeng will reportedly use batteries from BYD in its Mona sub-brand. Aonther report earlier this month said Nio's Onvo sub-brand would use BYD batteries.
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Xpeng will launch a new brand in the next month, targeting markets priced between RMB 100,000 and RMB 150,000, the company's CEO said.
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The Mona project will be the start of a second, or even third, brand for Xpeng, which will be predominantly aimed at general customers but also corporate customers, Xpeng's CEO said.
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