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.
It’s been a busy but exciting journey for XPeng Motors and its new MONA lineup of BEVs, which was announced back in April. Although MONA was originally described as a new all-electric sub-brand under the XPeng umbrella, it has since evolved into a portfolio of AI-powered models, beginning with the flagship M03.
This initial model officially debuted in early July, promising a price below RMB 200,000 ($27,500). Earlier this month, XPeng founder, chairman, and CEO He Xiaopeng shared that the M03 had begun mass production in China before a scheduled launch event on August 27.
A product poster that surfaced soon thereafter revealed that the MONA M03 would debut at a starting price significantly lower than initially promised – RMB 135,900 ($19,040). Today however, XPeng surprised the public yet again, officially launching pre-orders of the M03 at even even lower starting price.
Source: XPeng/MONA/Weibo
The price is right with the arrival of XPeng’s MONA M03
Following a launch event in China earlier today, the MONA M03 has officially launched and is available for pre-order. According to XPeng, the M03 snagged over 10,000 orders in its first 52 minutes, and we can see why.
Per MONA’s Weibo page, the M03 arrives in three separate trims, priced at RMB 119,800 ($16,815), RMB 129,800 ($18,220), and RMB 155,800 ($21,870), respectively. The three variants – 515, 620, and 580 Max – refer to each M03’s CLTC range (km), and the “Max” signifies the addition of XPeng’s smart driving ADAS capability.
When XPeng first unveiled the MONA M03 in July, He Xiaopeng said it was designed to “honor the Tesla Model 3.” Judging by the pricing mentioned above, the Chinese automaker is more concerned with challenging the status of the Model 3 in China than anything.
For example, the Model 3 is currently available in three trims in China priced at RMB 231,900 ($32,550), RMB 271,900 ($38,160), and RMB 335,900 ($47,150), respectively. So even at its top-tier level, the MONA M03 is now available at more than half the price of its Tesla competitor.
Not to mention, the new XPeng sedan is longer, wider, and taller than the Model 3, with a slightly shorter wheelbase.
Each model is propelled by a single motor that can accelerate 0-100 km/h (0-62 mph) in 7.8 seconds in the 515 and 7.4 seconds in the 620 and 580 Max variants. The most affordable trim features a 51.8 kWh battery pack, while the other two come with 62.2 kWh packs. During today’s launch, Xiaopeng said the Mona M03 consumes 11.5 kWh of electricity per 100 kilometers.
With pre-orders now open, Xpeng says it will begin Mona M03 deliveries in September. Deliveries of the Max variant are expected to start after China’s Spring Festival holiday in late January to early February 2025.
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Fueled by incentives from the Illinois EPA and the state’s largest utility company, new EV registrations nearly quadrupled the 12% first-quarter increase in EV registrations nationally – and there are no signs the state is slowing down.
Despite the dramatic slowdown of Tesla’s US deliveries, sales of electric vehicles overall have perked up in recent months, with Illinois’ EV adoption rate well above the Q1 uptick nationally. Crain’s Chicago Business reports that the number of new EVs registered across the state totaled 9,821 January through March, compared with “just” 6,535 EVs registered in the state during the same period in 2024.
At the same time, the state’s largest utility, ComEd, launched a $90 million EV incentive program featuring a new Point of Purchase initiative to deliver instant discounts to qualifying business and public sector customers who make the switch to electric vehicles. That program has driven a surge in Class 3-6 medium duty commercial EVs, which are eligible fro $20-30,000 in utility rebates on top of federal tax credits and other incentives (Class 1-2 EVs are eligible for up to $7,500).
The electric construction equipment experts at XCMG just released a new, 25 ton electric crawler excavator ahead of bauma 2025 – and they have their eye on the global urban construction, mine operations, and logistical material handling markets.
Powered by a high-capacity 400 kWh lithium iron phosphate battery capable of delivering up to 8 hours of continuous operation, the XE215EV electric excavator promises uninterrupted operation at a lower cost of ownership and with even less downtime than its diesel counterparts.
XCMG showed off its latest electric equipment at the December 2024 bauma China, including an updated version of its of its 85-ton autonomous electric mining truck that features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. And that’s too bad, because what operator wouldn’t want to experience an electric truck putting down 1070 hp more than 16,000 lb-ft of torque!?
Easy in, easy out
XCMG battery swap crane; via Etrucks New Zealand.
The best part? All of the company’s heavy equipment assets – from excavators to terminal tractors to dump trucks and wheel loaders – all use the same 400 kWh BYD battery packs, Milwaukee tool style. That means an equipment fleet can utilize x number of vehicles with a fraction of the total battery capacity and material needs of other asset brands. That’s not just a smart use of limited materials, it’s a smarter use of energy.
As “extreme” weather events become more commonplace, the demand for reliable and portable energy continues to rise. In response to that growing demand for dependable off-grid power, Volvo has developed the new PU500 Battery Energy Storage System (BESS) designed to take electrical power when it’s needed most.
Designed to be deployable in a number of environments at a moment’s notice, the Volvo Energy PU500 BESS is equipped with approximately 500 kWh of usable battery capacity (up to 540 kWh total). More than enough juice, in other words, to power a remote construction site, disaster response effort, or even a music festival – anything that needs access to reliable electricity beyond a grid connection.
That’s great, but what sets the PU500 apart from other battery storage solutions is its integrated 240 kW DC fast charger.
“With an integrated CCS2 charger, the PU500 is designed to work with all brands of electric equipment, trucks, and passenger cars,” says Niklas Thulin, Head of BESS Product Offer at Volvo Energy. “This ensures that no matter what type of electric vehicle or machinery you rely on, the PU500 can provide the power you need, making it a truly flexible solution for any grid constrained site or location.”
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The integrated charger in the PU500 has the impressive ability to charge a heavy equipment asset (be that an electric semi truck or something like a wheel loader) in under two hours. Its on-board capacity allows to fully recharge up to 3 electric HD trucks or 20 electric cars per day, making it an incredibly versatile disaster response asset.