Chinese player XPeng Motors has finally kicked off the mass production of its AI-centric model, the MONA M03, ahead of its official launch by the end of August 2024.
MONA M03 rolls off production line
XPeng Founder, Chairman, and Chief Executive He Xiaopeng announced in a recent Weibo post that the company is already mass-producing the MONA M03 in China.
As mentioned, XPeng plans to officially launch the new offering under the MONA lineup later this month. For context, MONA stands for “Made of New AI.” The M03 hatchback coupe is expected to feature most of the XPeng’s latest electric vehicle technology when it hits the market.
According to the XPeng boss, the company’s “front-line partners” are striving to accelerate the manufacturing processes so it can start customer deliveries at the same time as its market launch.
What’s currently known about the MONA M03?
Recent regulatory filings in China revealed that the MONA M03 will offer two separate single-motor variants that yield peak powers of 140 kW or 160 kW, respectively.
The MONA M03 utilizes lithium iron phosphate batteries from FinDreams Battery, which is BYD’s battery division. Additionally, the EV can deliver a top speed of 155 km/h.
The upcoming MONA M03 is 4,780 mm long, 1,896 mm wide, and 1,445 mm tall. Additionally, it has a wheelbase of 2,815 mm. It boasts a drag coefficient of 0.194 Cd, essentially making it the “most aerodynamic all-electric hatchback sedan” in the world.
When XPeng debuted the MONA M03 on July 3, it outlined that the new model is “meant to give respect to Tesla’s Model 3.” It will have a wide range of smart driving features to suit different customer needs.
Availability and pricing
Xiaopeng confirmed that the MONA M03 will cost at least RMB 200,000 ($27,900), offering competitive pricing to attract a younger demographic of customers.
XPeng officially opened the pre-order books for the MONA M03 on August 8 for an RMB 99 ($13.81) deposit fee. Reservation holders can benefit from a discount of RMB 3,000 ($419) upon the purchase.
XPeng expects the new MONA M03 to further boost its competitiveness in the electric vehicle market after selling a total of 63,173 EVs (up 20.46% YoY) so far this year. We can expect to learn more about the new MONA EV when it hits the market later this month.
