Xpeng

Mona M03 Max will feature the industry's top autonomous driving technology, Xpeng CEO said.

The Mona M03 contributed 50.16 percent of Xpeng's deliveries in January, while the P7+ contributed 26.73 percent.

Xpeng will launch customized smart driving insurance products with some insurers based on its accumulated technologies and user data, said local media.

Xpeng CEO He Xiaopeng also told Nio CEO William Li that he should personally oversee the supply chain business.

Xpeng CEO said L3 autonomous driving will drive AI cars into the "iPhone 4 era".

Xpeng delivered 190,068 vehicles in 2024, and doubling means it's targeting 2025 deliveries of about 380,000 units.

Almost simultaneously with Tesla, Xpeng announced a zero-down payment, up to five-year zero-interest financing to boost sales in the slow season.

Xpeng's monthly deliveries surpassed local peer Li Auto for the first time since September 2022, with the Mona M03 again delivering more than 15,000 units.

The Mona M03 delivered 15,904 units in December, the fourth month over the 10,000 mark, contributing 43 percent of Xpeng's monthly deliveries.

The new headquarters building will allow for a threefold increase in office space and a four-level underground garage.