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Xpeng begins Mona L05 deliveries, targets 10,000 units in first month

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Xpeng begins Mona L05 deliveries, targets 10,000 units in first month

Xpeng (NYSE: XPEV) has begun deliveries of the Mona L05, with the new SUV becoming a key pillar of the company's fourth-quarter sales push.

At a delivery ceremony for the first Mona L05 owners held on Wednesday, He Xiaopeng, chairman and CEO of the Chinese EV maker, said deliveries of the model are accelerating, with a target of 10,000 units in the first month.

The Xpeng CEO handed over car keys to owners at the delivery ceremony, according to a post he published on Weibo today.

Xpeng vice president Yu Tao said the Mona L05 has a brand-new, dedicated production line, and its production and deliveries will not affect models such as the Mona L03.

As a model aimed at global markets, the Mona L05 follows globalized standards from manufacturing to quality control, he said.

The Mona L05 went on sale in China on October 29, with a limited-time starting price of 139,800 yuan ($20,820) and a guide price range of 144,800 to 176,800 yuan.

Shortly after the model's pricing was announced, 5,000 units of near-ready inventory sold out.

The vehicle is offered with two powertrain options: battery electric (BEV) and extended-range (EREV). The BEV version offers a maximum CLTC range of 635 kilometers (395 miles) and a minimum power consumption of 11.7 kilowatt-hours per 100 kilometers.

8 seconds. The EREV version offers a maximum combined CLTC range of 1,310 kilometers and a maximum battery-only range of 310 kilometers.



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