Days after kicking off mass production of its new MONA M03 sedan in China, XPeng Motors has set a date for its official launch and shared its starting price. At around $19,000, the MONA M03 will arrive as XPeng’s most affordable BEV model to date.
August is proving to be a busy month for XPeng Motors and its latest all-electric model, the MONA M03. It’s been less than six months since XPeng alerted the public to plans for affordable, AI-centric BEVs from MONA, which was initially described as a sub-brand.
The Chinese automaker has since begun describing MONA as a new lineup of XPeng-branded vehicles, starting with the M03 sedan. The next-generation MONA 03 EV officially debuted in early July, promising a starting price below RMB 200,000 ($27,500).
Over the weekend, XPeng founder, chairman, and CEO He Xiaopeng shared that the new model had begun mass production in China before an official launch in August. Today, Chinese media has pointed out a new product poster from XPeng that revealed the MONA M03 will start at a price significantly lower than initially promised.
XPeng shares MONA M03 starting price and launch date
As pointed out by CnEVPost and other Chinese media outlets, a new MONA M03 product poster revealed it is expected to launch at a starting price of RMB 135,900 ($19,040). If that does, in fact, become the official base-level MSRP, the MONA M03 will launch for about $7,500 less than anticipated.
Furthermore, the latest price point will also make the MONA M03 the most affordable XPeng model to date, positioned well below its current P5 model, which starts at RMB 156,900 (~$22,000). Per the poster, the M03 will officially launch in China on August 27, when we expect to learn more about the sedan’s varying trim levels, prices, and performance specs.
Be sure to return to Electrek for the latest on this ultra-affordable, AI-powered new BEV.