Xpeng launched its new L03 electric SUV-coupe in Europe this week with a starting price of €34,990 — undercutting the Tesla Model Y by roughly €3,400 in Germany and by around $10,000 in Norway.
The pricing puts a well-equipped 4.65-meter electric SUV directly under Tesla’s best-seller in its highest-volume segment, and deliveries start in the fourth quarter.
Xpeng unveiled the L03 at its Global Brand Event in Munich this week, opening orders across more than 60 markets simultaneously — the Chinese automaker’s biggest global launch to date.
We first covered the L03 in May when it debuted in China under the Mona sub-brand at around 150,000 yuan (~$20,500). Now we have the European pricing, and it is aggressive.
The fully electric L03 starts at €34,990 in France and Belgium, €35,600 in Germany, €36,600 in Austria, and €36,990 in the Netherlands. Outside the eurozone, it opens at 299,900 kroner in Norway, 239,995 kroner in Denmark, and 399,900 kronor in Sweden.
