Chinese electric vehicle maker Xpeng will launch its mass-market Mona brand in overseas markets in 2026, intensifying competition with both Chinese peers and established automakers in Europe and beyond.
In an interview with CNBC, CEO He Xiaopeng confirmed that Mona-branded vehicles will debut in Europe next year, expanding beyond China where the Mona M03 electric coupe launched last year at a starting price of 119,000 yuan (≈ $17,000).
“In 2026 you can expect a variety of Mona products launched into the Chinese and European markets, as well as in rest of the world,” He said, adding that these models would be cheaper than Xpeng’s higher-end P7 and G6 offerings.
Global expansion accelerates
Xpeng began global expansion in 2020 with Norway and now operates in more than 60 countries and regions, a target it had originally set for the end of 2025. At the IAA Mobility auto show in Munich, Xpeng also showcased its upgraded Next P7 sedan and unveiled its humanoid robot “Iron.”
The company is also weighing manufacturing in Europe to offset tariffs on China-made EVs but has yet to decide on a timeline.
Open to acquisitions
He signaled that Xpeng is prepared to pursue acquisitions, including other EV manufacturers, as industry consolidation accelerates. “If we have the opportunity then we want to acquire some companies… manufacturing companies, EV companies are always possible,” he said.
The comments come as Chinese automakers like BYD continue to expand aggressively overseas, while Tesla struggles with slowing sales in Europe.
