Xpeng Unveils Mona M03 Sedan: Official Launch Scheduled for August

Xpeng Unveils Mona M03 Sedan with Advanced Smart Driving Features, Launch Set for August

Xpeng has introduced the Mona M03, an all-electric sedan, marking the debut of its new Mona lineup. The M03 is expected to significantly boost Xpeng’s sales in the latter half of the year. Priced under RMB 200,000 yuan ($27,500), the Mona M03 is set for an official launch in August.

Background and Strategic Partnerships

The Mona brand originated from Xpeng’s acquisition of Didi Global’s EV business in August 2023. Xpeng announced plans to launch the new brand in 2024 under the code name Mona. The partnership with Didi included providing support for Mona’s entry into the shared mobility market, with performance incentives tied to production and sales targets. If Mona achieves 180,000 annual sales for two consecutive years, Didi could earn up to 5 percent of Xpeng’s equity.

Focus on AI and Smart Driving

Mona stands for “Made of New AI,” emphasizing Xpeng’s commitment to advanced smart driving technologies. The Mona M03 will feature the strongest smart driving capabilities in its class, offering various options to meet diverse needs. Toutefois, Xpeng confirmed that there won’t be a taxi version of the Mona M03.

Respecting the Competition

Xpeng’s Chairman and CEO, He Xiaopeng, mentioned that the Mona M03 pays homage to Tesla’s Model 3. The detailed specifications of the Mona M03 will be revealed at the official launch event in August. According to a recent filing with China’s Ministry of Industry and Information Technology (MIIT (en anglais seulement)), the Mona M03 measures 4,780 mm de longueur, 1,896 mm de largeur, et 1,445 mm de hauteur, avec un empattement de 2,815 mm. The sedan will have two single-motor variants with peak motor power of 140 kW et 160 Kw, supplied by Innovance Automotive and Physis Technology.