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Eight days after publicly unveiling a new Max variant of its already popular MONA M03 sedan, XPeng Motors has officially launched it in China at an insanely low price of RMB 139,800 ($19,400). For those prices, MONA M03 Max drivers will gain access to some of XPeng’s most advanced AI-centric technologies.

Less than a year ago, XPeng Motors gave the public its first hint at a new model that would become the MONA M03. After teasing us with brief images all summer, XPeng officially unveiled the MONA M03 in July 2024 before launching it in China at ultra-affordable prices.

For example, the M03 initially launched 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 MONA M03’s CLTC range (km), and the “Max” signifies the addition of XPeng’s smart driving ADAS capability.

The two lower-end trims of the MONA M03 began deliveries in August 2024 and have since propelled the model to the top-selling A-segment BEV sedan in China for eight consecutive months. By the end of March 2025, XPeng announced it had built 100,000 MONA EVs in seven months, hailing the milestone as a new record for passenger BEVs.

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During a public event in China on May 20, XPeng unveiled the new MONA M03 Max ahead of its formal launch, which began today.

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  • new MONA M03
  • new MONA M03

XPeng’s new MONA M03 variant is bang for small bucks

As we learned last year, MONA stands for “Made of new AI” and represents XPeng’s goal of delivering advanced AI technology to everyday customers. The new MONA M03 Max is a perfect example of this target, as it comes loaded with class-leading technology but at a price that most everyone can afford.

Not to mention some cool cosmetic features and functions to cater to the M03’s younger audience, 90% of which are below the age of 35, per XPeng Motors. Per XPeng Motors:

With AI innovation as its driving force, the MONA M03 Max brings industry-leading intelligent driving capabilities to the mainstream market. Combining class-leading advanced ADAS, a premium smart cockpit, and high-end smart features typically found in vehicles priced over RMB 200,000 ($27,760), the MONA M03 Max challenges conventional expectations of A-class vehicles — and ushers in a new era of truly accessible, high-level intelligent driving.

As reported earlier this month, the new MONA M03 Max features XPeng’s proprietary AI Turing Smart Driving System as a standard feature. The ADAS integrates perception, decision-making, and control into one holistic design powered by dual NVIDIA Orin X chipsets and monitored by 27 high-precision sensors and an ultra-HD surround reality display. Per XPeng, the system can accurately detect over 50 road elements and obstacles (see image above).

Unlike its MONA M03 siblings launched last year, the new Max variant also features XPeng’s AI Tianji 5.7.0 Smart Cockpit. Per the automaker:

The XPeng MONA M03 Max takes its intelligent cockpit to new heights with the debut of the upgraded AI Tianji System 5.7.0. Compared to the MONA M03 launched earlier in 2024, the new system adds over 300 new features. Empowered by XPeng’s self-developed XGPT large language model, voice interaction becomes more seamless than ever — expanding scenario coverage by 30% and enabling voice control for over 90% of the vehicle’s functions. This delivers an experience that outperforms even premium models priced above RMB 200,000.

Per XPeng, the MONA M03 will now come in four varying range options with the following pricing:

MONA M03 Trim Range Price
515 Plus 515 km (320 miles) RMB 119,800 ($16,629)
620 Plus 620 km (385 miles) RMB 129,800 ($18,017)
502 Max 502 km (312 miles) RMB 129,800 ($18,017)
600 Max 600 km (373 miles) RMB 139,800 ($19,405)

These M03 variants are all officially on the market in China. Per XPeng, there are no plans to sell this model outside of China at this time.

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Google to invest $25 billion in data centers and AI infrastructure across largest U.S. electric grid

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Google to invest  billion in data centers and AI infrastructure across largest U.S. electric grid

Ruth Porat, President & Chief Investment Officer of Alphabet & Google, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024.

Mike Segar | Reuters

Alphabet‘s Google will invest $25 billion in data center and artificial intelligence infrastructure over the next two years in states across the biggest electric grid in the U.S., the technology company said Tuesday.

Google will also spend $3 billion to modernize two hydropower plants in Pennsylvania to help meet the growing power demand from data centers and AI in the region, according to the company.

The refurbishment of the Pennsylvania plants is part of broader a framework agreement that Google signed with Brookfield Asset Management to purchase 3,000 megawatts of hydroelectric power across the U.S.

Google’s investments in the region comes as the PJM Interconnection is struggling to keep up with rising electricity demand from data centers and industry. PJM is the biggest electric grid in the nation, covering 13 states across the mid-Atlantic and parts of the Midwest and South. It includes the world’s largest data center market in northern Virginia.

President Donald Trump, White House Cabinet officials, tech and energy executives are meeting at Carnegie Mellon University in Pittsburgh on Tuesday to discuss AI investment in Pennsylvania.

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How one man with a hacksaw and an e-bike became a Texas flood ‘hero’

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How one man with a hacksaw and an e-bike became a Texas flood 'hero'

Locals call him the “Bicycle hero,” but Texas man Evan Wayne says he’s just doing what he can to help his community after it was cut off due to the recent devastating and deadly flooding tragedy.

When the local Sandy Creek flooded following torrential rains in Texas, it destroyed the only bridge into one community. Residents were cut off from access to supplies, including everything from necessities like food, water, and medicine to basic comforts.

Although the bridge was impassable to cars, volunteers who quickly organized to help the stranded residents found that the damaged bridge could still be traversed on foot. Or in the case of Evan Wayne, it could be covered by an electric bike.

Evan joined hundreds of volunteers who answered the call of grassroots organizers by working together without any official capacity. While many started by hand-pulling garden carts of supplies uphill to reach the stricken community, Evan jury-rigged a trailer to an e-bike and took on as much of the load as he could, helping shuttle much-needed food and gear into the community over hundreds of round-trip journeys.

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“This was a dog trailer 48 hours ago. I had a hacksaw, hacked the top off, grabbed some bungee cords, and here we are,” explained Evan in an interview with CBS Austin, while waiting for the next load of gear to be stacked on his trailer.

In the first two days of the operation, he made around 100 round trips each day, shuttling food and water as well as critical rescue supplies. “Right now, I’m waiting on a couple of chainsaws that I’ll bring in for a crew that’s been going at it with handsaws so far.”

In addition to delivering needed supplies, Evan has often found himself moving something even more important: information. “I’ve flagged down medics. I’ve been the guy that goes between Austin EMT and STAR Flight because I’m quicker than cell phones sometimes, people don’t have signal a lot of the time.”

Evan quickly points out that he isn’t the only one helping. “I’ve got an e-bike, but other people are pulling carts. People are walking, people are carrying things. Everyone is doing what they can.” But there’s no doubt that his ability to carry more gear at higher speeds and make hundreds of round-trip journeys so far in and out of the stricken neighborhood has helped impact countless lives.

“This is all volunteers here. They’re just taking it upon themselves to get people where they need to go. I think there’s an umbrella company coming in, taking over tomorrow, but until they get here, people are just taking care of people, which is what you’ve got to do.”

E-bikes proving their worth in emergencies

While many people consider electric bicycles just another form of recreation, they’ve proven to be potent transportation alternatives after natural disasters worldwide.

Not only do their small and efficient batteries make performing hundreds of rescue trips like Evans’ possible, but recharging can be done simply and easily with a solar panel when electricity is out after a disaster. And when gas stations are out of fuel (or simply can’t pump it with the power grid down), e-bikes can keep running while gasoline-powered motorcycles or ATVs run dry.

Electric bicycle batteries have also proven to be a handy source of emergency power after hurricanes and other disasters, often helping owners keep their phones charged up for days to remain in contact with family or rescue services.

While most hope to never need theirs for emergency purposes, electric bicycles have proven their worth in countless disaster scenarios, adding benefits far beyond just alternative transportation, recreation, or fitness riding.

E-bikes can be kept running nearly indefinitely after natural disasters with access to solar recharging equipment

Image credits: CBS Austin (screenshots), used under fair use

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Block leads rebound in fintech stocks as analysts downplay JPMorgan data fee risk

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Block leads rebound in fintech stocks as analysts downplay JPMorgan data fee risk

Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, U.S., March 25, 2021.

Handout | Via Reuters

Block jumped more than 5% on Monday, leading a rally in shares of fintech companies as analysts downplayed the threat of JPMorgan Chase’s reported plan to charge data aggregators for access to customer financial information.

The recovery followed steep declines on Friday, after Bloomberg reported that JPMorgan had circulated pricing sheets outlining potential fees for aggregators like Plaid and Yodlee, which connect fintech platforms to users’ bank data.

In a note to clients on Monday, Evercore ISI analysts said the potential new expenses were “far from a ‘business model-breaking’ cost increase.”

In addition to Block’s rise, PayPal climbed 3.5% on Monday after sliding Friday. Robinhood and Shift4 recorded modest gains.

Broader market momentum helped fuel some of the rebound. The Nasdaq closed at a record, and crypto rallied, with bitcoin climbing past $123,000. Ether, solana, and other altcoins also gained.

JPMorgan announces plans to charge for access to customer bank data

Evercore ISI’s analysts said that even if JPMorgan’s changes were implemented, the most immediate effect would be a slight bump in the cost of one-time account setups — perhaps 50 to 60 cents.

Morgan Stanley echoed that view, writing that any impact would be “negligible,” especially for large fintechs that rely more on debit, credit, or stored balances than bank account pulls for transactions.

PayPal doesn’t anticipate much short-term impact, according to a person with knowledge of the issue. The person, who asked not to be named in order to speak about private financial matters, noted that PayPal relies on aggregators primarily for account verification and already has long-term pricing contracts in place.

While smaller fintechs that depend heavily on automated clearing house (ACH) rails or Open Banking frameworks for onboarding and compliance may face real pressure if the fees take effect, analysts said the larger platforms are largely insulated.

WATCH: Congress moves to redraw $3.7 trillion crypto market rules, opening door to Wall Street

Congress moves to redraw $3.7 trillion crypto market rules, opening door to Wall Street

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