XPeng Presents MONA M03 Sedan at $27,500, to Launch in August

Jul 04, 2024 01:55 AM EDT

XPeng continues to expand its lineup, particularly its MONA EVs. It will launch MONA M03 this August.MONA stands for "Made of New AI. XPeng commits to providing the most vital innovative driving capabilities at an affordable price. MONA M03 will be available at a base price under $27,500 or RMB 200,000.

XPeng MONA M03

As the race for EV dominance persists, XPeng is not losing track. Reports surfaced that this Chinese car manufacturer has an additional model for its MONA EV lineup.

The MONA M03 is a small sedan that will be attractive due to its pricing. According to a recent update from CNEVPOST, Xpeng has revealed that the MONA M03 electric vehicle will hit the market at a price point below RMB 200,000 yuan ($27,500) and is scheduled for an official release in August.

The EV subsidiary of Didi Global was acquired by Xpeng in August 2023, and this new brand-codenamed Mona, was first intended to be unveiled in 2024. It should be mentioned that XPeng just said that a taxi version of the MONA M03 will not be available.

The focus on AI technology by Xpeng aims to enhance the image of the company's advanced autonomous driving features. According to the latest announcement, the Xpeng Mona M03 is set to offer a range of innovative driving functionalities tailored to various requirements, positioning it as a leading contender within its segment for intelligent driving capabilities.

According to information from Electrek, XPeng unveiled specifics about the M03 model through a live stream event broadcasted on its freshly established Weibo platform dedicated to MONA.

XPeng anticipates that the MONA M03 will drive growth in BEV sales during the latter part of 2024, aligning with Didi Global's shared objectives as outlined in their partnership agreement with XPeng from the previous year, which entitles Didi Global to equity incentives based on annual sales performance over the next two years.

What are the Specifications, Features

Are you thinking about what it offers at a price below $27,500 or RMB 200,000? CarBuzz shared details on the MONA M03 specifications and other features.

Upon initial observation, the Mona M03 presents itself as a sleek and conventional electric vehicle.

This exceptional aerodynamic feat is attributed to a series of distinctive design elements and innovations that have notably enhanced the car's efficiency by up to 15%, equating to an additional 37 miles of electric driving range.

CarBuzz cited a report by Fast Technology, which stated that Mona M03 is set to offer consumers two distinct powertrain options. Talking about power, the base model will be propelled by a 188-horsepower electric motor, while a higher-tier variant will boast 215 hp. Utilizing lithium iron phosphate blade batteries from FinDreams, a subsidiary of renowned automotive powerhouse BYD, the vehicle's exact range remains undisclosed.

Initial projections based on the CLTC cycle hint at a potential range of 342 miles per charge for this elegant sedan. Given its lightweight build and advanced aerodynamic features, there's a possibility that the actual range could surpass these initial estimates.