XPeng (XPEV) reveals Mona L03 SUV with 650 km range for ~$20,500

XPeng (XPEV) is expanding its hit Mona budget EV lineup with the L03, the sub-brand’s first SUV, which surfaced in Chinese regulatory filings with up to 650 km of CLTC range, a 183 kW motor, and LFP battery options up to 69 kWh.

Chinese automotive media reports indicate the Mona L03 will start at approximately 150,000 yuan (~$20,500), making it one of the most aggressively priced electric SUVs on the market. XPeng also filed for two additional SUVs — the larger Mona L05 and flagship G9L — signaling a massive product offensive for the second half of 2026.

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