XPENG unveils MONA M03 Max with advanced ADAS

BEIJING - XPENG Motors (NYSE: XPEV and HKEX: 9868), a prominent Chinese electric vehicle (EV) manufacturer with a market capitalization of $18.55 billion, has introduced its latest electric hatchback sedan, the MONA M03 Max, in China. According to InvestingPro analysis, XPENG’s stock has delivered an impressive 129% return over the past year, reflecting strong investor confidence in the company’s growth trajectory. The launch represents a significant step in bringing high-level autonomous driving features to the mainstream market at a competitive price point of US$20,000 / RMB 150,000.

The MONA M03 Max is equipped with XPENG’s self-developed AI Turing Smart Driving System, a visual-based advanced driver assistance system (ADAS). This system aims to democratize cutting-edge smart driving technology, offering features that are typically reserved for more expensive vehicles.

With the introduction of the MONA M03 Max, XPENG claims to offer the only advanced ADAS in the US$20,000 / RMB 150,000 segment globally. The vehicle’s ADAS capabilities are supported by dual NVIDIA Orin-X chipsets, which provide a substantial 508 TOPS of computing power, purportedly four times that of its segment peers.

The AI Turing Smart Driving System integrates perception, decision-making, and control into a unified architecture. It is enhanced by 27 high-precision sensors and an ultra-HD Surround Reality (SR) Display that provides panoramic updates of road conditions. The system can detect over 50 different road elements, from traffic signs to complex obstacles, and enables seamless Human-AI co-piloting.

In addition to its ADAS features, the MONA M03 Max introduces the upgraded AI Tianji System 5.7.0 in its smart cockpit. This system includes over 300 new features and leverages XPENG’s self-developed XGPT large language model to enhance voice interaction capabilities. The vehicle also boasts a 15.6-inch center screen and an 18-speaker 7.1.4 surround-sound system.

The MONA M03 Max offers a range of premium features, such as a tri-zone lumbar support system with a massage function in the driver seat, frameless side mirrors with multiple functions, and an in-built blue indicator light for assisted driving. It also provides two range options for the Max variant—600 km and 502 km—and two for the Plus variant—620 km and 515 km.

This announcement follows the success of the MONA M03 Pro model, which since its launch in August 2024 has delivered 120,000 units as of May 2025. The MONA M03 was also awarded the 2024 Car of the Year by China’s Xuanyuan Award. InvestingPro data shows XPENG’s revenue has grown by 51% in the last twelve months, with analysts expecting continued sales growth this year. The company maintains a strong financial position, holding more cash than debt on its balance sheet.Want deeper insights into XPENG’s financial health and growth potential? Access the comprehensive Pro Research Report, along with 10+ additional ProTips and detailed metrics, available exclusively on InvestingPro.

XPENG, founded in 2014, has positioned itself as a leader in AI-driven mobility, with a focus on designing and manufacturing Smart EVs. The company’s mission is to advance the Smart EV revolution through its proprietary technology, aiming to shape the future of mobility. With analyst price targets ranging from $16.48 to $31.04, and a consensus recommendation leaning towards "Buy," market experts remain optimistic about XPENG’s future prospects. This news is based on a press release statement from XPENG Motors.

In other recent news, XPeng reported a significant year-over-year revenue increase of 141%, reaching RMB 15.8 billion for the first quarter of 2025. The company delivered 94,000 units, marking a 330.8% increase from the same period last year. Despite the impressive delivery numbers, the average selling price of XPeng’s vehicles decreased by 39.8% year-over-year due to a shift in product mix. XPeng’s second-quarter guidance projects revenue between RMB 17.5 billion and RMB 18.7 billion and vehicle deliveries of 102,000 to 108,000 units, indicating a substantial year-over-year increase. Analyst firms have responded to these developments, with Macquarie upgrading XPeng’s stock rating to Outperform and raising the price target to $24.00, while BofA Securities increased their target to $29, maintaining a Buy rating. Bernstein also adjusted XPeng’s price target to $19.00, maintaining a Market Perform rating. Morgan Stanley reaffirmed its Overweight rating with a price target of $26.00, noting XPeng’s better-than-expected reduced net loss. XPeng reported positive free cash flow of over RMB 3 billion, attributed in part to government subsidies and foreign exchange gains.

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