Written by Cláudio Afonso | LinkedIn | X
XPeng said on Wednesday it is launching a limited-time Chinese New Year promotion for its Mona M03 sedan, its cheapest and best-selling model.
The Mona M03, which was launched in August 2024, starts at 119,800 yuan ($16,500). As part of the promotion running from February 7 to 28, buyers will receive an 888-kilowatt-hour charging card, a free 40,000-yuan ($5,500) sound system upgrade, and up to 3,000 yuan ($410) in trade-in subsidies.
The carmaker, which is preparing to launch its very first hybrid model, delivered more than 15,000 Mona M03 units per month for two consecutive months.
Customers opting for repurchase rights will also get an annual 1,500-kWh charging card for four years.
The Guangzhou-based brand is offering a 0% down payment and zero-interest financing program for three years on its P7i sedan and G6 SUV, providing potential savings of up to 20,000 yuan ($2750) and 18,000 yuan ($2,450), respectively.
XPeng delivered 30,350 vehicles in January — a 268% increase from the same month last year. Over the last few weeks, the company expanded to Belgium, Luxembourg, Ireland and Finland.
After delivering around 4,500 vehicles in February last year, XPeng increased its monthly deliveries for ten consecutive months.
In January, the company maintained monthly deliveries above 30,000 units for the third consecutive month, following a record in December with 36,695 vehicles delivered.
In Europe, the company entered the Irish and Finnish markets earlier this week. In December, the brand delivered its 10,000th vehicle in Europe four years after first exporting to the region.
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