{"id":303896,"date":"2024-08-28T14:00:54","date_gmt":"2024-08-28T14:00:54","guid":{"rendered":"https:\/\/www.techopedia.com\/?post_type=news&p=303896"},"modified":"2024-08-28T14:00:54","modified_gmt":"2024-08-28T14:00:54","slug":"chinese-ev-giant-xpeng-launches-22000-self-driving-car","status":"publish","type":"news","link":"https:\/\/www.techopedia.com\/news\/chinese-ev-giant-xpeng-launches-22000-self-driving-car","title":{"rendered":"Chinese EV Giant Xpeng Launches $22,000 Self-Driving Car"},"content":{"rendered":"
Chinese manufacturer Xpeng Motors has unveiled its budget EV model, the Mona M03, with a starting price of 119,800 yuan ($16,800).\u00a0<\/b><\/p>\n
The launch, <\/span>announced<\/span><\/a> by He Xiaopeng, co-founder and CEO of XPeng Motors at a virtual press event on August 27 marks the company’s aggressive push into the affordable EV market segment.<\/span><\/p>\n The M03 comes in two variants: a base model without advanced autonomous driving starting at $16,813 and the more advanced M03 Max, equipped with advanced autonomous driving, priced at $21,866. Both undercut Xpeng’s previous cheapest offering, the P5 sedan, which starts at $22,000 and Tesla\u2019s Model 3 standard version which is priced at $42,000.<\/span><\/p>\n The M03 has its roots in an unfinished project that Xpeng acquired from ride-hailing provider Didi for $744 million last year. The Max version of the model will start shipping early next year as, “the only car with advanced autonomous driving at less than 200,000 yuan ($28,068),” according to <\/span>Reuters<\/span><\/a>.<\/span><\/p>\nBattle for the Soul of Budget EV Market Rages on<\/span><\/h2>\n