Xpeng, a leading electric vehicle (EV) maker, has achieved a significant milestone with its Mona M03 sedan model. The company recently announced that cumulative deliveries of the Mona M03 have reached 50,000 units, just four months after the model was launched in August 2024.
The Mona M03, which was officially launched on August 27, 2024, has quickly become a popular choice among consumers. With three variants available at different price points starting from RMB 119,800 ($16,370), the Mona M03 is positioned as Xpeng’s most affordable model. In fact, it is priced at roughly half the cost of Tesla’s Model 3, making it a competitive option in the market.
Xpeng’s success with the Mona M03 is evident in its recent delivery numbers. In December, the company delivered a record 36,695 vehicles, with over 15,000 units of the Mona M03 and more than 10,000 units of another new model, the P7+ sedan. This strong performance has contributed to Xpeng’s overall growth and success in the EV market.
Looking ahead, Xpeng is poised for continued growth in 2025. Analysts at Deutsche Bank expect the company to deliver 400,000 units by the end of the year, representing a significant increase compared to the previous year. This growth is expected to be driven by strong demand for the Mona M03 and P7+ models, as well as a robust new product pipeline.
In addition to the success of the Mona M03, Xpeng has plans to launch at least four new products in 2025, with a new product release scheduled for each quarter. This strategic approach to product development and expansion is expected to further solidify Xpeng’s position in the EV market and drive continued growth in the coming year.
Overall, Xpeng’s achievements with the Mona M03 and other models reflect the company’s commitment to innovation, quality, and customer satisfaction. With a strong foundation and a clear vision for the future, Xpeng is well-positioned to maintain its leadership in the EV industry and continue to deliver exceptional vehicles to consumers worldwide.
