Join Xpeng for the launch of the Mona M03 on August 27, celebrating a decade of innovation in the electric vehicle industry.
Introduction
Xpeng (NYSE: XPEV) is set to unveil the first model in its Mona lineup, the M03, marking a significant milestone in the company’s history. The event, scheduled for August 27 at 7 pm Beijing Time, coincides with the automaker’s 10th anniversary. Here’s what you need to know about the launch and the Mona M03.
Launch Event Details
Xpeng will host the launch event for the Mona M03 on August 27, beginning at 7 pm Beijing Time. The event will also celebrate the company’s 10th anniversary, an important moment for the brand. Xpeng has been a leading force in the Chinese electric vehicle (EV) market since its inception, and this event will highlight the journey so far and the innovations yet to come.
In a recent post on Weibo, Xpeng expressed its gratitude to both old and new friends who have been part of the journey. “Over the past 10 years, Xpeng has had the great honor of experiencing and witnessing the epic first half of China’s new energy vehicle industry with old and new friends,” the company stated. “In the upcoming second half, Xpeng invites you to come and witness the love and innovation of the AI era.”
Mona M03: Key Features and Pricing
The Mona M03 made its debut on July 3 and began accepting pre-orders on August 8. According to a previous poster from the company, the starting price for the Mona M03 will be no more than RMB 135,900 ($19,030). This makes the M03 one of the most affordable models in Xpeng’s lineup.
He Xiaopeng, the Chairman and CEO of Xpeng, announced during a live video broadcast of a range challenge for the Xpeng G6 SUV that the Mona M03 would go on sale on August 27. The company has not yet provided full details on the features and specifications of the M03, but we can expect it to offer advanced technology and competitive performance, given Xpeng’s reputation for innovation.
Xpeng’s Journey and Future Plans
Xpeng was among the first new car-making forces in China and was founded in August 2014. Earlier this month, He Xiaopeng mentioned that August 15 marked the 10th anniversary of Xpeng’s founding. The company has a strong portfolio of vehicles, including the X9 MPV, G9 SUV, G6, P7i sedan, and P5 sedan. Xpeng plans to launch a new sedan, the P7+, in the fourth quarter of this year.
The Mona array stems from Xpeng’s acquisition of Didi Global’s EV business in August 2023. Although initially planned for a 2024 launch, the company has now referred to Mona as the new array in its latest announcements. The Mona M03 represents the first step in this new direction.
Production Update
On August 9, He Xiaopeng shared that the first production units of the Mona M03 had rolled off the assembly line. This indicates that the company is on track for the launch date and that customers can expect timely delivery once orders start being fulfilled.
Conclusion
The Xpeng Mona M03 marks a significant milestone for the company as it celebrates its 10th anniversary. With a starting price of no more than RMB 135,900 ($19,030), the Mona M03 promises to bring advanced technology and affordability to the electric vehicle market.
