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Xpeng
plans to launch its mass-market Mona brand in overseas markets next year in a move that will boost competition with its Chinese rivals and established automakers in the electric vehicle arena.
In a wide-ranging interview with CNBC on Tuesday, Xpeng CEO He Xiaopeng said the company’s international expansion is moving faster than he expected and signaled, for the first time, that the company is open to acquiring other electric carmakers.
Xpeng launched the Mona brand in China last year with the debut of the Mona M03 electric coupe. The car was launched with an aggressive starting price of 119,000 Chinese yuan, which is just under $17,000.
