XPENG CEO He will speak with reporters at the stands of an electric car manufacturer at the IAA Auto Show held in Munich, Germany on September 8, 2025.
Arjun Kharpal | CNBC
xpeng It plans to launch a mass-market Mona brand in overseas markets next year, and to promote competition between Chinese rivals and car manufacturers in electric vehicle arenas.
In a broad interview with CNBC on Tuesday, CEO Xpeng said the company’s international expansion is moving faster than expected, signaling for the first time that the company is open to acquiring other electric car manufacturers.
Xpeng launched the Mona brand in China last year with the debut of the Mona M03 Electric Coupe. The car was launched at an aggressive starting price of 119,000 Chinese Yuan Yuan. This is just under $17,000.
Xpeng will launch a Mona branded car in Europe next year, he told CNBC. This is the first time it has been reported that it will be released.
“In 2026, he said in a comment translated by CNBC.
“By then, we believe that what we’ve launched will be a very proven vehicle and will be a very good one.”
These cars could be cheaper than some of the higher-end XPENG models, such as the P7 and G6.
That comes as Chinese automakers are actively launching cars outside of China and finding success in Europe where companies like BYD continue to grow.
Adding more competitively priced cars to the overseas mix will lead to traditional automakers such as Mercedes increasing competition in markets like Europe. BMW and Volkswagen To dodge Chinese rivals, they launched their own electric vehicle.
The expansion of Chinese companies into Europe is a time when Tesla continues to record a decline in sales in the region.
Global expansion accelerates
The Guangzhou-covered automotive company began a global expansion with Norway in 2020, then launched in other markets, including Germany and France.
Xpeng had previously stated its goal of establishing its presence in 60 countries and regions by the end of 2025. He said the goal has already been met due to faster global growth than expected. For reference, the CEO said that XPENG existed only in three to five markets two years ago.
Xpeng displayed a humanoid robot called “Iron” at the IAA Auto Show held in Munich, Germany on September 8, 2025.
Arjun Kharpal | CNBC
At the IAA Mobility Auto Show in Munich, Germany, XPeng brought the next P7, an upgraded version of the flagship P7 car, to be featured for the first time in Europe.
In Europe, in particular, despite XPENG’s continued push overseas, they face challenges such as dealing with European Union tariffs on Chinese-made electric vehicles.
This has led Chinese automakers to explore the manufacture of cars in Europe. Xpeng wants to manufacture in Europe, but has yet to make a decision on the timeline for this, he said.
Xpeng is open to acquisition
At home in China, a price war continues as EV manufacturers fight it for market share. Competition is rising among domestic automakers Tesla.
This has led Chinese regulators to call for a halt to excessive competition, known colloquially as “neijuan” or regression.
XPENG CEO himself has previously warned that as many people went out of business, only a handful of Chinese cars will survive in the coming years.
He said the collapse was already happening.
In this environment, he said he is accepting the acquisition. This is something the company hasn’t done in a lot so far. In 2023, XPENG acquired the electric vehicle development business of Chinese passenger carrier DIDI.
He said Xpeng will be open to acquiring companies, including other electric car manufacturers.
“If I get the opportunity, I’d like to buy some companies,” he said. “For us, that’s good. Manufacturing companies, EV companies are always possible.”
