Xpeng Launches the Budget-Friendly Mona M03 Electric Vehicle

Wednesday, 28 August 2024, 09:26

Xpeng has launched its latest budget EV models, including the Mona M03 priced under US$17,000. This electric car promises performance similar to higher-cost vehicles while attracting younger buyers. With a range of 515km, Xpeng aims to compete with BYD in the expanding electric vehicle market.
South China Morning Post
Xpeng Launches the Budget-Friendly Mona M03 Electric Vehicle

Xpeng Launches Affordable Electric Vehicles

On August 27, 2024, Xpeng, a prominent Chinese electric vehicle manufacturer, introduced a series of budget models, including the Mona M03, which are priced at 119,800 yuan (approximately US$16,800). These electric cars boast an impressive range of 515km (320 miles) on a single charge, making them an attractive option for budget-conscious consumers.

Appeal to Younger Buyers

With a design and performance that closely mirrors higher-priced electric vehicles, Xpeng hopes to capture the interest of younger buyers. Sales staff have noted a positive reception from potential customers regarding the Mona M03's capabilities and price point.

Competing with BYD in the EV Market

As Xpeng enters this competitive landscape, it faces challenges from BYD, the world’s leading EV maker. The positioning of the Mona M03 and its well-rounded features may help Xpeng carve a share in the ever-growing electric vehicle market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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