A camouflaged XPeng Mona L03 has been spotted on public roads in Munich, the German city where the Chinese carmaker plans to introduce its cheaper ‘MONA’ series to Europe in July.
Mona’s L03 is the second model in the series and its first SUV, following the M03 sedan launched in August 2024.
Elvis Cheng, the company’s managing director for the UK and Europe, confirmed the plan in May, telling the Financial Times Future of the Car summit that the L03 would lead the rollout, with “another luxury or premium SUV on the way coming to Europe” in October.
The L03 is also set to make its official debut in China in July, having first surfaced in a Ministry of Industry and Information Technology filing in April.
Founder and CEO He Xiaopeng first signalled the Mona series would reach Europe at the IAA Mobility show in the city in September 2025.
What the Filing Shows
XPeng has not released full specifications for the L03.
The MIIT filing lists a five-seat vehicle measuring 4,650 to 4,672 millimetres long, 1,920 wide and 1,600 tall, on a 2,850-millimetre wheelbase, with a top speed of 180 kilometres per hour.
The L03 is also the first Mona model offered with two powertrains, in battery-electric and extended-range forms, extending XPeng‘s dual-power strategy to the sub-brand.
XPeng has described the model as a compact coupe SUV, and president Brian Gu has called the Mona SUV “one of our most important products” for the region.
He Xiaopeng has said the L03 will be priced no higher than 300,000 yuan ($44,200), while engineered to the standards of vehicles in that costlier class.
A Design Team With a Ferrari Pedigree
He Xiaopeng has also used social media to frame the L03 as more than a budget vehicle.
He said the model was developed by an independently formed global design team led by Juanma López, who spent eight years at Ferrari overseeing several of the marque’s classic models.
The Model That Turned XPeng Around
The Mona series carries weight well beyond a single launch.
XPeng introduced the sub-brand in China in August 2024 as its lower-cost line, positioned against entry-level rivals from BYD, Geely and other domestic mass-market brands.
The M03 sedan became the company’s volume engine almost at once.
That single model outsold every other XPeng vehicle combined, accounting for about 46% of group sales in 2025 and roughly 44% in April, when it delivered more than 13,000 units.
Priced from 119,800 yuan, the sedan arrived in a segment XPeng had never reached, and its volume pulled the company out of a sales trough.
That dependence cuts both ways. When M03 sales dip, XPeng‘s totals follow, a concentration the L03 is meant to ease by carrying the formula into the larger SUV segment.
The shift matters because SUVs command a far bigger share of demand than sedans in most markets, in China and Europe alike.
At home, the M03 sells at around half the price of a comparable Tesla Model 3, and the L03 is expected to keep that low-price positioning.
Europe on a Tightrope
XPeng now operates in 28 European countries through 290 retail outlets, and registered 3,394 vehicles across the region in April, led by Denmark and Norway.
In Norway, its first European market, the company is guiding to 7,000 sales this year, after 4,466 in 2025.
The brand has more than doubled its European footprint over the past year, adding markets across Southern and Eastern Europe alongside the UK, Ireland, Iceland and Finland.
A cheaper Mona SUV would broaden that reach below the G6, G9 and P7+ already on sale, into a segment where affordable Chinese EVs from BYD, Geely and the Stellantis-backed Leapmotor have gained ground.
In Europe the L03 would line up against affordable rivals such as the BYD Sealion 7, the MG S6, the Geely EX5 and the Leapmotor C10.
XPeng assembles the G6, G9 and P7+ from kits at Magna Steyr’s plant in Graz, Austria, and Cheng has said that capacity is no longer sufficient, with the company weighing a second European site and holding talks with shareholder Volkswagen Group.
XPeng has signalled it will push regardless. The company is targeting 550,000 to 600,000 global deliveries this year and aims to double its overseas sales toward a goal of one million a year by 2030.
