Photographers in China recently captured images of a new vehicle that is getting ready for its debut. The grainy spy shots reveal a new SUV from XPeng carrying the "Mona" badge as the company clearly wants to duplicate the massive popularity of its M03 sedan.
The design of the upcoming SUV tells an interesting story even through the camouflage. The vehicle shares its mechanical DNA with the M03 sedan, but it stands much taller. The profile features a raised roofline and a sloped back end, often called a "fastback" style. This gives it a sporty, coupe-like appearance rather than the boxy shape of a traditional SUV.
Industry watchers quickly pointed out the similarity to Tesla's strategy. Just as Tesla built the Model Y SUV on the bones of the Model 3 sedan, XPeng seems to be doing the exact same thing here. It is a smart play that saves money on engineering while offering customers the upright seating position they love.
XPeng needs this SUV to be a hit because the M03 sedan has set a very high bar, becoming the breadwinner for the company. According to reports, the Mona M03 has already racked up 180,000 cumulative deliveries. That is a massive number. The data also shows that the car has held the number one sales spot in China's pure-electric A-segment for 12 months in a row. In October alone, XPeng sold 16,309 units of the M03. That figure makes it the brand's best-selling model for retail volume that month.
Analysts expect the SUV to use the same technical layout as its sedan brother, but a simple copy-and-paste job might not work for a larger, heavier vehicle. Experts predict that XPeng will likely upgrade the power or the driving range to match the bigger body of the SUV. Buyers in this segment expect more utility and capability, so the company needs to ensure the specs match those demands.
XPeng has confirmed that the Mona lineup will head to Europe in 2026 as a part of a larger plan they call "In Europe, With Europe." To make this happen, the company is building a research and development center in Munich, Germany, and has already started to manufacture cars locally in Austria. This is an important step to avoid tariffs that the European Union has placed on imported EVs. The Mona SUV will serve as a foundation for this international expansion, carrying the brand's flag into new territories.
The biggest question mark remaining is the price. In China, the Mona M03 sedan costs just under RMB 120,000 yuan, which converts to approximately $16,700. That low price is a huge reason for its success. The SUV needs to offer that same kind of value. However, it also needs to provide clear improvements in space and technology to justify a higher price tag.
The timing is tricky for XPeng. Government subsidies for electric cars are going down, and tax rules are changing next year. This means the competition will get fiercer. If the new Mona SUV is just a slightly modified sedan with a higher price, buyers might look elsewhere. But if XPeng can balance the cost with real upgrades in software and space, this car could keep the company's sales momentum rolling for years to come.
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