XPeng (XPEV) reveals Mona L03 SUV with 650 km range for ~$20,500
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- XPeng filed MIIT regulatory documents for the Mona L03 SUV, listing a 183 kW motor, LFP battery options up to 69 kWh and a CLTC range of 505‑650 km.
- Mona L03 will be priced around 150,000 yuan (≈ $20,500), placing it among the cheapest electric SUVs in China.
- Mona L03 uses XPeng’s VLA 2.0 vision‑only driver‑assistance system, cutting costs by relying solely on cameras.
- Mona M03 sedan sold over 175,000 units in 2025, accounting for about 41 % of XPeng’s total deliveries and setting a production record of 100,000 units in seven months.
- XPeng also filed for two additional SUVs—the larger Mona L05 and flagship G9L—signaling a broader SUV push for the second half of 2026.
Why it matters: XPeng’s $20,500 Mona L03 undercuts rivals, expanding its foothold in China’s fast‑growing EV SUV segment while forcing BYD, Geely and other manufacturers to intensify price competition.
