Xpeng to bring its 16,800 USD best-selling EV in Europe by 2026
Xpeng is preparing to launch its most affordable electric model in Europe, with CEO He Xiaopeng confirming that the Mona lineup will launch internationally next year.
The Mona series, introduced in China in 2024, is Xpeng’s entry-level series, which currently sells a single model – the M03 liftback sedan, and has quickly become a cornerstone of Xpeng’s sales. Priced at just under 120,000 yuan (16,800 USD), the M03 has consistently delivered more than 10,000 units a month and now accounts for over 40% of the company’s total sales. It is about half the price of the Model 3 in China.
Speaking at the IAA Mobility show in Munich to CNBC, He said the international rollout is moving faster than expected:
“In 2026, you can expect a variety of Mona products launched into the Chinese and European markets, as well as in the rest of the world. By then, what we launch will be very proven and excellent vehicles.”
In August, Mona M03 delivered 15,334 units globally, contributing 40.7% of Xpeng sales. In 2025 (Jan – Aug), Mona M03 delivered 117,443 units.
The Mona M03 measures in at 4780/1896/1445 mm (l/w/h) and has a wheelbase of 2815 mm. It is equipped with a 62.2 kWh battery, good for a 600 km CLTC range. It is an FWD with a 160 kW motor on the front axle.
Xpeng is also deepening its European footprint. The company will soon open its first R&D center in Munich as part of an “In Europe, With Europe” strategy, and has hinted at the possibility of producing vehicles locally to mitigate EU tariffs on China-made cars.
The Mona project stems from Xpeng’s 2023 acquisition of Didi Global’s EV unit. Originally conceived as a standalone brand, Mona has since been folded under the Xpeng umbrella, giving the automaker a clearer multi-tier lineup: premium models such as the P7 sedan and G6 SUV, and the lower-cost Mona range.
He has also addressed the brutal competition in the domestic market. In his words, only a handful of companies will survive the price wars and regulatory pressure, making buyouts a strategic option. Xpeng is backed by Volkswagen Group, which owns about 5% of the company, and Xpeng is helping Germans with developing EVs for China on their E/E electric platform.
After entering Norway in 2020, Xpeng now has a presence in more than 46 markets. In EU’s largest auto market, Germany, they sold 283 vehicles in August, up over 700% year-over-year and up 17.9% from July. In 2025 (January-August), Xpeng sold 1,348 vehicles in Germany.
