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China’s $20,800 Xpeng Mona L05 makes the US EV price problem look even worse

Xpeng

Xpeng has launched the Mona L05 in China with a starting price of 139,800 yuan (around $20,800), bringing a new electric crossover with up to 635 km of claimed range, an extended-range option and a technology-heavy cabin to its mass-market lineup. While the vehicle is not confirmed for the US market, its combination of pricing, range and features offers a glimpse of the competition American automakers face as Chinese EV makers expand overseas.

The five-seat mid-size SUV is available with fully electric and extended-range electric powertrains. The launch also comes as Xpeng looks beyond China, with the company targeting 65 countries and regions for the model.

Xpeng Mona L05 packs range and technology into an affordable SUV

The Mona L05 measures 4,870 mm in length and has a 2,940 mm wheelbase.…