China's Ministry of Industry and Information Technology revealed XPeng (NYSE: XPEV)'s Mona L03 SUV in a regulatory filing on April 9, 2026, marking the first SUV in the company's entry-level Mona sub-brand ahead of a planned second-half 2026 launch.

The L03 extends the Mona formula into the SUV segment, which commands a larger share of Chinese consumer spending than sedans. The sub-brand's first model, the M03 sedan, launched in August 2024 and quickly became XPeng's top seller, delivering more than 175,000 units throughout 2025 — nearly 41% of XPeng's total deliveries — and accumulating more than 250,000 cumulative sales in roughly 18 months. With the L03, XPeng is betting the same price-to-value logic that worked for the M03 sedan can repeat in the far larger SUV market.

The L03 is a coupe-style electric SUV measuring 4,650 mm long, 1,920 mm wide, and 1,600 mm tall on a 2,850 mm wheelbase — placing it in the same size class as a Tesla (NASDAQ: TSLA) Model Y. The exterior follows Mona's established design language, with T-shaped headlights, a panoramic glass roof, an active front grille, and semi-hidden door handles. The roofline slopes downward from the B-pillar in a fastback profile, and a full-width taillight strip runs across the rear.

The pure-electric version carries a single 183 kW (249 hp) motor supplied by Luxshare Precision Technology, with two LFP battery pack options — 56 kWh and 69 kWh — both sourced from CALB (China Aviation Lithium Battery). Claimed range runs from 505 km (314 miles) to 650 km (404 miles) on the CLTC cycle, with a top speed of 180 km/h (112 mph) and a curb weight from 1,855 kg. An EREV variant filed on May 9 pairs a 70 kW 1.5-liter range-extender engine from Seres subsidiary Chongqing Xiaokang Power with batteries from Eve Energy, offering 257 km (160 miles) of electric-only range.

Driver assistance on base trims relies on XPeng's VLA 2.0 vision-only system — no lidar or radar — keeping costs in check while leveraging the company's camera-based ADAS software stack. Higher-specification variants are expected to add XPeng's proprietary Turing chip for greater processing capacity, enabling urban assisted-driving functions in line with the broader Mona range.

Chinese automotive media expect the L03 to open at around 150,000 CNY (c. $22,100), sitting between the Mona M03 sedan at 119,800 CNY (c. $17,700) and the G6 SUV at 176,800 CNY (c. $26,100). XPeng has not yet confirmed pricing.

The L03 is one piece of a broader product push. The May 9 MIIT batch also revealed the Mona L05, a mid-size SUV at 4,870 mm with a 2,940 mm wheelbase, and the G9L, a flagship model stretching to 5,120 mm with a 3,100 mm wheelbase and a dual-motor configuration producing up to 430 kW combined. Both BEV and EREV variants of all three models are expected to launch in the second half of 2026, rounding out what amounts to a full SUV offensive from a brand that entered the market just two years ago with a single sedan.

Whether XPeng brings the L03's price point intact to Europe — where it already sells the G6 and G9 at higher margins — may signal how willing the company is to test its budget lineup against a regulatory environment that has grown increasingly skeptical of Chinese EV pricing.