The Xpeng M03 is powered by two different motors with peak power of 140 kW and 160 kW, respectively. It has lithium iron phosphate batteries from BYD.

This means that Mona may not be a sub-brand that Xpeng's management has mentioned several times before, but simply a new product lineup.

The Xpeng M03 measures 4,780 mm in length, 1,896 mm in width and 1,445 mm in height, with a wheelbase of 2,815 mm.

Both variants in the catalog are single-motor models with peak motor power of 140 kW and 160 kW, respectively, and the suppliers are Inovance Automotive and Physis Technology.

Like Nio's (NYSE: NIO) Onvo L60, both variants of the Xpeng M03 are powered by lithium iron phosphate batteries, both from BYD's (HKG: 1211, OTCMKTS: BYDDY) battery division FinDreams Battery.

The 140-kW variant of the Xpeng M03 is available in 1,661-kg and 1,631-kg versions, while the 160-kW variant weighs 1,739 kg. Both variants support a top speed of 155 km/h.

Xpeng plans to launch the new brand, codenamed Mona, in 2024, it said on August 28, 2023, when it announced the acquisition of ride-hailing giant Didi Global's electric vehicle business.

The first model of the Mona program will be an A-class smart electric model to be launched in 2024. The new model and brand will differentiate itself from Xpeng-branded products and the main brand, it said last year.

He Xiaopeng, Xpeng's chairman and CEO, said on March 16 that the company will launch the new brand within the next month, targeting the market with prices ranging from RMB 100,000 ($13,790) to RMB 150,000

At an AI Day event on May 20, Mr. He said the first Mona model would be unveiled in June. So far, however, Xpeng has not announced when it will officially unveil the new model.

The company began previewing the M03 earlier this week by releasing several official images.

Xpeng names Mona series debut model M03, releases 1st official image

($1 = RMB 7.2526)