Written by Cláudio Afonso | LinkedIn | X
Electric vehicle maker Xpeng released on Tuesday the first official images of the sedan M03, the first model under the new series named Mona. The series will use batteries supplied by the BYD, offering a range of over 500 kilometers and will be marketed to ride-hailing fleets and other commercial users.
Expected to be launched in the coming weeks, M03 will target the market segment priced between 100,000 and 150,000 RMB and will incorporate one of Xpeng’s top technologies, the advanced autonomous driving software.
The model is designed not only as a cost-effective option for individual consumers but also for ride-hailing fleets and other commercial operations. Notably, the vehicle’s roof does not feature LiDAR technology, suggesting a potential reliance on a pure vision-based system — as defended by Tesla and other automakers.
The interior spy shots suggest a collaboration between Xpeng and Didi for the MONA series. Didi’s team contributed to the design, part of the research and development, and sales, while Xpeng handled R&D, supply chain management, and production.
Never miss an update
The company expects to deliver between 29 and 32 thousand vehicles in the second quarter of the year, which would represent a yearly growth of 25 to 37.9 percent.
In the first month of the quarter, the Guangzhou-based EV maker delivered 9,393 vehicles, of which 1,959 were Xpeng’s recently launched fully electric MPV X9.
For the second quarter of the year, the brand expects its total revenues to be between 7.5 billion and 8.3 billion RMB, representing a year-over-year increase of 48.1 percent to 63.9 percent.
Written by Cláudio Afonso | LinkedIn | X
