Xpeng releases mass-market EV with basic driver-assist for less than $20,000

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Chinese electric car company Xpeng has announced that its mass-market brand Mona will start selling cars for less than $20,000.

The basic version of the Mona M03 electric coupe starts at 119,800 yuan , with a driving range of 515 kilometers and some parking assist features.

Chinese electric car company Xpeng displays its mass-market Mona M03 coupe inside a headquarters' showroom in Guangzhou, China, on Aug. 26, 2024.The basic version of the Mona M03 electric coupe will be listed at 119,800 yuan , with a driving range of 515 kilometers and some parking assist features. That Max version is set to begin deliveries after the Lunar New Year holiday in 2025, CEO He said. The Chinese holiday runs from late January to early February next year.'s version, marketed as "full self-driving," isn't fully accessible in China, although it is widely expected to be released in the coming months.

The company also said Tuesday that it plans to reveal its second-generation humanoid robot in October. It also revealed its own chip, but did not specify what nanometer process — or level of production technology — is used in its manufacturing.a five nanometer automotive-grade chip, the NX9031. The company had teased the chip in December, and plans to use it in its high-end ET9 sedan, set for delivery in 2025.

 

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