Chinese EV maker Xpeng eyes global launch of mass-market Mona brand in 2026
1. Xpeng plans to launch mass-market Mona brand in Europe next year. 2. Mona models expected to be priced under $17,000. 3. Xpeng open to acquiring other electric carmakers for expansion. 4. International expansion has exceeded Xpeng's expectations. 5. Competition intensifies with European markets amid declining Tesla sales.