The XPEng CEO, He Xiaopeng, talks to journalists at the Electric Carmaker stand in the IAA Auto Show in Munich, Germany, on September 8, 2025.
Arjun Kharpal | CNBC
Xpeng He plans to launch his Mona series of the mass market in foreign markets next year in a movement that will boost competition with their Chinese rivals and automobile manufacturers established in the field of electric vehicles.
In an extensive interview with CNBC on Tuesday, the CEO of Xpeng, He Xiaopeng, said that the company’s international expansion moves faster than he expected and pointed out, for the first time, that the company is open to acquire other electric car manufacturers.
Xpeng launched the Mona series in China last year with the debut of the Mona M03 Electric Coupe. The car was launched with an aggressive initial price of 119,000 Chinese yuan, which is just under $ 17,000.
Xpeng will launch Mona cars in Europe next year, he told CNBC. This is the first time the launch is reported.
“In 2026 you can expect a variety of cute products launched to Chinese and European markets, as well as in the rest of the world,” he said, in comments translated by CNBC.
“I think that by then, what we launch will be very proven and very excellent vehicles.”
These cars are likely to be cheaper than some of the high -end models of Xpeng, such as the P7 and the G6.
It occurs when Chinese car manufacturers are aggressively launching cars out of China and finding success in Europe, where companies like Byd have continued to grow.
Add cars to more competitive prices in the mixture abroad will increase competition in markets such as Europe, where traditional car manufacturers such as Mercedes, BMW and Volkswagen They have launched their own electric vehicles to defend against Chinese rivals.
The expansion of Chinese companies in Europe comes at a time when Tesla continues to register the decrease in sales in the region.
Global expansion accelerates
The Guangzhou car firm began its global expansion in 2020 with Norway and since then it has been launched in other markets, including Germany and France.
Xpeng had previously declared the objective of establishing a presence in 60 countries and regions at the end of 2025. He said that this objective had already been met, due to the faster global growth than expected. As a reference, the CEO said that Xpeng was only present in three to five markets two years ago.
Xpeng showed his humanoid robot called “iron” in the Auto Show of IAA in Munich, Germany, on September 8, 2025.
Arjun Kharpal | CNBC
In the IAA Mobility Auto Show in Munich, Germany, Xpeng brought an improved version of the P7 Badge, the next P7, to exhibit in Europe for the first time.
Although Xpeng continues to push abroad, especially in Europe, faces challenges that include treating European Union tariffs in electric vehicles made by China.
This has led Chinese car manufacturers to explore the manufacture of their cars in Europe. Xpeng would like to manufacture in Europe, but has not yet made a decision about the timeline of this, he said.
Xpeng open to acquisitions
At home in China, the price war continues while EV manufacturers fight for market share. The competition is increasing between national car manufacturers and Tesla.
This has led Chinese regulators to stop excessive competition, colloquially known as “Neijuan” or invitation.
CEO of Xpeng himself previously warned that only a handful of Chinese car manufacturers will survive in the coming years, since many go to the company.
He said the collapse is already happening.
In this environment, he said that he is open to acquisitions, something that the company has not done in large quantities to date. In 2023, XPEng acquired the electric car development business of the Chinese transport firm Didi.
He said Xpeng would be open to acquired companies, including other electric car manufacturers.
“I think we have the opportunity, then we want to acquire some companies,” he said. “For us it is good.
