Xpeng is preparing to launch its most affordable electric model in Europe, with CEO He Xiaopeng confirming that the Mona lineup will launch internationally next year.
The Mona series, introduced in China in 2024, is Xpeng’s entry-level series, which currently sells a single model – the M03 liftback sedan, and has quickly become a cornerstone of Xpeng’s sales. Priced at just under 120,000 yuan (16,800 USD), the M03 has consistently delivered more than 10,000 units a month and now accounts for over 40% of the company’s total sales. It is about half the price of the Model 3 in China.
Speaking at the IAA Mobility show in Munich to CNBC, He said the international rollout is moving faster than expected:
“In 2026, you can expect a variety of Mona products launched into the Chinese and European markets, as well as in the rest of the world. By then, what we launch will be very proven and excellent vehicles.”
In August, Mona M03 delivered 15,334 units globally, contributing 40.7% of Xpeng sales. In 2025 (Jan – Aug), Mona M03 delivered 117,443 units.
The Mona M03 measures in at 4780/1896/1445 mm (l/w/h) and has a wheelbase of 2815 mm. It is equipped with a 62.2 kWh battery, good for a 600 km CLTC range. It is an FWD with a 160 kW motor on the front axle and 160 a maximum power.
Xpeng is also deepening its European footprint. The company will soon open its first R&D center in Munich as part of an “In Europe, With Europe” strategy, and has hinted at the possibility of producing vehicles locally to mitigate EU tariffs on China-made cars.
The Mona project stems from Xpeng’s 2023 acquisition of Didi Global’s EV unit. Originally conceived as a standalone brand, Mona has since been folded under the Xpeng umbrella, giving the automaker a clearer multi-tier lineup: premium models such as the P7 sedan and G6 SUV, and the lower-cost Mona range.
He has also left the door open for acquisitions, pointing to the ongoing consolidation of China’s crowded EV sector. In his words, only a handful of companies will survive the price wars and regulatory pressure, making buyouts a strategic option.
Xpeng’s global ambitions are clear. After entering Norway in 2020, the automaker now counts a presence in more than 60 markets — a target it had originally set for the end of this year. With the Mona lineup going global in 2026, the brand is betting on mass-market scale to accelerate its international rise.
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