Chinese EV company Xpeng sees shares pop 6% after it launches mass-market car

Chinese EV company Xpeng sees shares pop 6% after it launches mass-market car


Key Points
  • Xpeng shares rose after the Chinese electric car company said prices for its new mass-market Mona brand would start as low as $16,812, far below that of Tesla’s Model 3.
  • The Chinese automaker said orders for the Mona M03 electric coupe exceeded 10,000 just 52 minutes after the car’s formal launch Tuesday evening in Beijing.
  • Xpeng shares remain more than 45% lower for the year so far.



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