Xpeng launches budget-friendly MONA M03 EV starting at $16,813: Competing in China’s mainstream market
Chinese EV manufacturer Xpeng has unveiled the MONA M03, its most budget-friendly electric vehicle, at a price of $16,813. This launch targets mainstream consumers in China’s auto market. Deliveries are planned for early next year, as Xpeng aims to sell at least 100,000 units annually under the MONA brand to break even and achieve economies of scale.