BEIJING, Aug 27 (Reuters) - Chinese electric vehicle maker Xpeng (9868.HK), opens new tab priced the first model of its budget sub-brand MONA from $16,813 on Tuesday, wedging into the mainstream but highly competitive segment of the world’s largest auto market.
The MONA M03 electric hatchback coupe is Xpeng’s most affordable model and will compete with other EVs priced in the 100,000-150,000 yuan ($14,035-$21,052) range, which accounts for a third of total car sales in China.