When XPeng Motors introduced its new MONA line of AI-centric BEVs, it stated it was gunning for the Tesla in China. After formally launching its first MONA mannequin, the M03, in China at present, XPeng is popping out with weapons blazin’, asserting a beginning worth of RMB 119,800 ($16,815). That’s over half the value of a Tesla Mannequin 3. In consequence, the M03 has garnered large orders out of the gate.
It’s been a busy however thrilling journey for XPeng Motors and its new MONA lineup of BEVs, which was introduced again in April. Though MONA was initially described as a brand new all-electric sub-brand beneath the XPeng umbrella, it has since developed right into a portfolio of AI-powered fashions, starting with the flagship M03.
This preliminary mannequin formally debuted in early July, promising a worth beneath RMB 200,000 ($27,500). Earlier this month, XPeng founder, chairman, and CEO He Xiaopeng shared that the M03 had begun mass manufacturing in China earlier than a scheduled launch occasion on August 27.
A product poster that surfaced quickly thereafter revealed that the MONA M03 would debut at a beginning worth considerably decrease than initially promised – RMB 135,900 ($19,040). At this time nevertheless, XPeng shocked the general public but once more, formally launching pre-orders of the M03 at even even decrease beginning worth.
The value is correct with the arrival of XPeng’s MONA M03
Following a launch occasion in China earlier at present, the MONA M03 has formally launched and is on the market for pre-order. In line with XPeng, the M03 snagged over 10,000 orders in its first 52 minutes, and we are able to see why.
Per MONA’s Weibo web page, the M03 arrives in three separate trims, priced at RMB 119,800 ($16,815), RMB 129,800 ($18,220), and RMB 155,800 ($21,870), respectively. The three variants – 515, 620, and 580 Max – refer to every M03’s CLTC vary (km), and the “Max” signifies the addition of XPeng’s sensible driving ADAS functionality.
When XPeng first unveiled the MONA M03 in July, He Xiaopeng stated it was designed to “honor the Tesla Mannequin 3.” Judging by the pricing talked about above, the Chinese language automaker is extra involved with difficult the standing of the Mannequin 3 in China than something.
For instance, the Mannequin 3 is presently accessible in three trims in China priced at RMB 231,900 ($32,550), RMB 271,900 ($38,160), and RMB 335,900 ($47,150), respectively. So even at its top-tier degree, the MONA M03 is now accessible at greater than half the value of its Tesla competitor.
To not point out, the brand new XPeng sedan is longer, wider, and taller than the Mannequin 3, with a barely shorter wheelbase.
Every mannequin is propelled by a single motor that may speed up 0-100 km/h (0-62 mph) in 7.8 seconds within the 515 and seven.4 seconds within the 620 and 580 Max variants. Probably the most reasonably priced trim encompasses a 51.8 kWh battery pack, whereas the opposite two include 62.2 kWh packs. Throughout at present’s launch, Xiaopeng stated the Mona M03 consumes 11.5 kWh of electrical energy per 100 kilometers.
With pre-orders now open, Xpeng says it would start Mona M03 deliveries in September. Deliveries of the Max variant are anticipated to begin after China’s Spring Competition vacation in late January to early February 2025.
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