Xpeng and Didi to develop an entry-level compact EV under the new Mona brand. Mass production by 2024

Xpeng to buy Didi’s smart electric vehicle project, Da Vinci, to develop a smart, compact EV in an effort to make smart driving more popular in the mid-end market. Mass production is expected in 2024, with a price of around 150k yuan (Xpeng cars are over 200k yuan).