Yahoo TV

STORY: :: Chinese electric vehicle maker Xpeng prices

its new budget EV at a little less than $17,000

:: Beijing, China

:: August 27, 2024

:: Zhang, XPeng EV owner

"As an A-class car, its price is relatively inexpensive. Actually, rather than saying it's inexpensive, I would say it's more affordable. It is equipped with various functions, which, in the past at this price range, were not available. The whole car gives me the impression that the price/performance ratio is relatively high."

The MONA M03 electric hatchback coupe is Xpeng's most affordable model and will compete with other EVs priced in the 100,000-150,000 yuan ($14,035-$21,052) range, which accounts for a third of total car sales in China.

There will be two versions of the MONA M03: an entry-level one without advanced autonomous driving technology available from $16,813, and the M03 Max that uses Tesla-like technology and is priced from $21,866. Both are cheaper than the lowest priced Xpeng-branded EV, the P5 sedan, which is priced from $22,000.