When XPeng Motors announced its new MONA line of AI-centric BEVs, it said it was gunning for the Tesla in China. After officially launching its first MONA model, the M03, in China today, XPeng is coming out with guns blazin’, announcing a starting price of RMB 119,800 ($16,815). That’s over half the price of a Tesla Model 3. As a result, the M03 has garnered huge orders out of the gate.
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