Nine days before XPeng Motors is expected to launch its new AI-centric BEV brand MONA publicly, it has given the social media world a little appetizer by sharing the official name and first full image of its first model.
XPeng’s ($XPEV) incoming sub-brand is called MONA, which is an acronym for “Made Of New AI.” This nods to previous commitments by the automaker’s Chairman and CEO, He Xiaopeng, who vowed to invest RMB 3.5 billion (~$492M) in “AI-enabled smart driving” technology in 2024 to support R&D and hire 4,000 new employees.
AI-driven technology has been at the forefront of the design philosophy in XPeng Motors’ latest models, and the Chinese automaker intends to take things to another echelon with MONA. Not only that, XPeng has promised that MONA BEVs will deliver the tech at an affordable price for all, targeting MSRPs around RMB 100,000-150,000 ($14,000-$21,000).
During the reveal of the sub-brand’s name, Xiaopeng also said it would make its official debut in June 2024, later confirmed to take place on the 20th. Up until now, the MONA name has been our only juicy tidbit about the new AI-EV brand, aside from a couple of shadowy images of its first model, whose name had yet to be shared.
We expected to see the complete look at the new MONA BEV in a couple of weeks, but XPeng surprised us by unveiling the first official image of its exterior alongside its name – the M03.
XPeng’s MONA brand will launch with an EV called “M03”
Surprise!
Per a Weibo post by XPeng Motors earlier today, the MONA brand’s first model is called the M03. The news came alongside the full exterior image seen above, as well as a tiny blurb:
A surprise after the holidays, the first product in the MONA series is named Xiaopeng M03! #小鹏MONA is here!
The post also links to a new Weibo page explicitly dedicated to the new MONA sub-brand, although posts and other details remain light at this point.
As you may have noticed from the post, there’s some confusing rhetoric about the new A-class sedan as XPeng describes the model as the ” Xiaopeng M03,” the first vehicle in the “MONA series.”
Is it a MONA BEV or an XPeng BEV?
We are sure we will learn more about the new brand and the M03 during XPeng’s official launch presentation, which is still expected to occur later in June. Be sure to check back soon for the latest updates on XPeng, MONA, and the M03 – whichever brand it launches under.
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Another electric Jeep SUV is almost here. With its official debut just around the corner, Jeep’s new Recon EV was spotted charging in production form, giving us our best look at the Wrangler-inspired SUV. Will the Recon live up to its legendary predecessor?
With its first all-electric luxury SUV, the Wagoneer S, arriving at US dealerships any day, we are already getting a look at Jeep’s next EV.
The Recon is Jeep’s second global electric SUV. It was first unveiled in 2022 alongside the Wagoneer S and Avenger as part of its new EV lineup. The Avenger was launched in early 2023 in Europe, but it’s not expected to arrive in the US.
While Jeep is preparing for the first Wagoneer S deliveries in the US, many are even more excited for its next electric SUV.
Although we’ve seen the Recon several times as it inches closer to its official debut, the most recent image reveals the electric SUV in production form.
After introducing the concept, Jeep claimed the rugged EV was still built to conquer any terrain but with zero tailpipe emissions. Perhaps even better, it can do it in near silence.
Jeep says the Recon is “inspired by the legendary Wrangler.” It will feature similar options like removable doors and windows.
Jeep’s Recon EV sheds camo charging ahead of launch
Jeep’s former CEO, Christian Meunier, said the Recon EV could tackle the “mighty Rubicon Trail.” For those unfamiliar with the Rubicon, it’s considered one of the most challenging off-road trails in the world. The rocky terrain, narrow paths, and steep hills make the Rubicon tough for even the most seasoned off-road warriors.
The new image from Kindelauto finally reveals the Jeep’s Recon EV in production form while charging at an EVgo station.
As the electric SUV progresses, it looks more and more like a Ford Bronco. The Recon’s rugged, boxy exterior remains close to the concept.
Earlier this month, we got our first look at the interior. The folks at JeepReconForum spotted a prototype in Michigan with the interior almost completely uncovered. You can see a large infotainment at the center with a smaller driver display screen next to it.
The photos also showed that it included Jeep’s signature Selec-Terrain system. You can see “Rock” and “Mud” modes on the traction interface system, while other options like Snow, Sport, and Tow are expected to be included.
Interestingly, the display screen shows a 147-mile range remaining at 66% charge, suggesting a range of around 223 miles.
With the Wagoneer S expected to have a range of over 300 miles, the Recon should provide a similar range based on the same STLA Large platform.
The Wagoneer S will begin arriving at US dealerships in January 2025, starting at $71,995. Jeep launched the electric SUV’s first marketing campaign earlier this week, proving that “Beautiful Things Can Still Get Dirty.”
Jeep’s Recon EV is expected to officially debut in early 2025. Although prices have yet to be confirmed, it’s expected to start at around $60,000. More premium trims, like the Rubicon, could cost upwards of $80,000.
Source: Kindelauto
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In January 2023, Tesla announced an expansion of Gigafactory Nevada to build the Tesla Semi in volume.
However, more than a year later, we hadn’t heard much about the effort.
Earlier this year, Tesla finally started to move some dirt and get some construction going at the site of the new factory. It sounded like plans changed and instead of expanding the existing Giga Nevada as originally planned, Tesla started building a new factory next to the existing one.
Now, right before the end of the year, Tesla released an update on the progress at the plant (via Dan Priestley, head of the Tesla Semi program, on X):
Yesterday, Semi Factory Nevada topped off the main area of the building with the last major piece of structural steel! Fantastic design and execution by this construction team and our contractor partners with focus on safety and efficiency. This factory is going to rock!
He shared a few pictures:
The structure came together rather quickly, but there’s still more work to be done until Tesla can achieve production.
Tesla aims to set up the factory throughout 2025 and bring the Tesla Semi to production on the new lines by the end of the year.
Vietnamese automaker VinFast is pulling a late demand lever in 2024 to entice US customers to get behind the wheel of its VF 8 SUV. Designed for SUV-loving families in the US, the VinFast VF 8 is now available to lease for well under $300 a month with $0 down.
The VF 8 is VinFast’s ($VFS) flagship EV, hitting the US market two years ago as a 2023 model. We drove the VF 8 early on, and it was fine, but there were some clear bugs that needed to be sorted out. We noted that 2024 would be a pivotal year for the Vietnamese automaker looking to raise revenues and make up for missed delivery targets in 2023.
Although it faced early software hiccups, VinFast pushed forward to get more of its VF 8 SUVs on US roads, pulling demand levers while expanding its stateside dealer network. Today, VinFast has announced an enticing new lease program for the VF 8 that requires $0 down at signing.
Source: VinFast.com
VinFast is offering a VF 8 lease for $279/month
VinFast published a press release today that is more of a love letter to its flagship VF 8 SUV, which includes a little tidbit about a new lease deal. Once you get through the paragraphs of the Vietnamese automaker shilling its innovation and nod to its spot on TIME’s 2024 list of influential companies, there’s a juicy little bonus for any customers interested in a super cheap EV lease from a relatively unknown and unproven automaker.
VinFast hailed its new VF 8 lease offer as one of the most competitive in the US, and that’s hard to argue. Right now, you can lease a base-level ECO trim of the SUV for $0 down and $279 a month thereafter. The VinFast VF 8 lease term is 24 months and includes 10,000 miles a year.
Note that VinFast does not have showrooms in all 50 states yet, so if interested, it’s best to see if the VF 8 and subsequent lease are even possible in your area. What do you think? Would you test out a VF 8 for two years and save some green?
Electrek’s take
The value of this lease offer for a VF 8 from VinFast can’t be denied, but it’s still a tough sell for a number of reasons. As someone who has driven the VF 8, I think it’s more than adequate and can do the job for many people, especially those new to EVs who don’t have anything to compare it to.
My first ride was far too early on in the development process, and there were too many issues for me to forget, so I’d personally pass on this offer. However, VinFast has done a lot of work to resolve those software issues for other consumers.
I still think the biggest hurdle here is brand awareness. The average US consumer has no idea VinFast exists and is not seeking out more information on it to perhaps stumble upon this VF 8 lease deal. It’s a steal for those who are aware of the brand and feel comfortable committing to two years of driving one, but that feels like a niche segment in an already small market sample.
I also think this demand lever shows evidence that VinFast is not making the impact on the US market it had hoped with the VF 8. I’ll be interested to see where their 2024 financials land and how those compare to a year ago, when deliveries were lower than expected. We will keep an eye on that and report back.
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