XPeng To Launch Mona Brand Globally Next Year: Report

Chinese EV maker XPeng (XPEV) reportedly plans to launch its mass-market Mona brand in overseas markets next year, CEO He Xiaopeng said in an interview with CNBC on Monday.

XPeng launched Mona in China last year, and its first vehicle was the M03, an electric coupe, with a starting price of RMB119,000.

The CEO told CNBC that XPeng will launch Mona cars in Europe next year, while also signaling that the company is now open to acquiring other companies, including electric car manufacturers.

“In 2026, you can expect a variety of Mona products launched into the Chinese and European markets, as well as in rest of the world,” He said, as reported and translated by CNBC. He also noted that the company’s international expansion is progressing faster than he had expected.

NYSE-listed shares of XPeng traded 5% higher at the time of writing. On Stocktwits, retail sentiment around XPEV stock stayed within ‘bearish’ territory over the past 24 hours, while message volume stayed at ‘low’ levels.

Chinese EV makers are looking to expand into Europe in a bid to increase sales, amid an intense price war and competition in the domestic auto market. According to data from the European Automobile Manufacturers’ Association (ACEA), Chinese EV giant BYD sold 84,416 cars in the European Union, the U.K., and European Free Trade Association regions this year through the end of July, marking a growth of about 291%.

While XPeng would like to manufacture in Europe, the company's CEO told CNBC that it has yet to decide on a timeline for starting manufacturing in the region.

Regarding acquiring other companies, He said, “I think if we have the opportunity, then we want to acquire some companies. For us, it’s a good thing to do. Manufacturing companies, EV companies are always possible.”

XPEV stock is up 76% this year and approximately 144% over the past 12 months. 

Read also: Stellantis Stock Slips After US Regulator Probes 287,000 Chrysler Minivans Over Concerns Regarding Electric Power Steer

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