- Xpeng will launch the updated Mona M03 on April 2, bringing 750 TOPS of computing power to the sub-$20,000 market for the first time.
- The new model is equipped with Xpeng’s in-house Turing AI chip, reflecting the company’s strategy to boost profit margins through hardware-software bundling.
Xpeng will officially launch the highly anticipated 2026 Mona M03 electric sedan on April 2, with a launch event scheduled to begin at 7:30 pm Beijing time.
The Chinese electric vehicle (EV) maker announced the launch plan on Monday. The updated Mona M03 will begin featuring the company's in-house developed Turing AI chip, following a series of other Xpeng models.
The upcoming new sedan means Xpeng will bring up to 750 TOPS of smart driving computing power to the sub-$20,000 EV market for the first time.
The Mona M03 is currently the lowest-priced model in Xpeng's product lineup, with the current version starting at 119,800 yuan ($17,320) in China.
The electric sedan is also Xpeng's most important sales driver. It delivered 175,689 units throughout 2025, accounting for 40.91 percent of total deliveries, according to data compiled by CnEVPost.
In the first two months of 2026, the model continued to top the delivery charts, contributing 31.47 percent of Xpeng's total deliveries during the January-February period.
To provide a more refined visual and tactile experience, the updated model has polished exterior and interior details and added two new exterior colors.
The new car's chassis has been upgraded with adaptive damping shock absorbers, and its power battery supplier has been switched from BYD's FinDreams Battery to Eve Energy.
With the same 62.2-kWh battery pack capacity, the updated model's maximum pure electric range has increased by 20 kilometers to reach 640 kilometers.
To support a smoother operating experience, the model's cockpit hardware has been significantly upgraded, featuring an MT8676 cockpit chip and 24 GB of memory.
Introducing the Turing chip to its lowest-priced model aligns with Xpeng's recent business model adjustments, as the company seeks to improve profit margins through tiered hardware and software options.
This marks Xpeng's attempt to achieve higher per-vehicle profit margins on its highest-volume model by bundling its in-house developed chips and software systems.
This strategy is advancing as Xpeng improves its financial health, with the company achieving its first GAAP net profit in the fourth quarter of 2025.
Xpeng expects its entire model lineup to complete the transition to Turing chips starting in the second quarter of this year, and the company plans to launch four new models within the year.
($1 = 6.9181 yuan)
