Xpeng Introduces Mona Brand with AI-Powered M03 Sedan

Targeting budget-conscious buyers, the new model aims to compete with market leader BYD in the compact EV segment.

Xpeng's Mona M03 sedan features advanced autonomous driving technology and BYD-supplied batteries.
The M03 is designed for both individual consumers and commercial use, including ride-hailing fleets.
Priced between 100,000 and 150,000 yuan, the Mona brand aims to increase Xpeng's market share.
The Mona brand follows Nio's strategy of launching a sub-brand to offer more affordable EV options.
Xpeng expects significant growth in vehicle deliveries and revenue for the second quarter of the year.