XPeng's new L03 is a sleek, cheap electric SUV-coupe heading to Europe
The cheap Chinese EVs keep coming, and this one looks the part
XPeng has quietly become one of the more interesting Chinese brands in Europe, and it is about to get more aggressive on price. The new L03 is a compact electric SUV-coupe, the first SUV from XPeng's budget Mona sub-brand, and it is coming to Europe with striking looks, a Ferrari pedigree in the design studio and a price tag built to undercut its own bigger sisters.
A budget brand with a Ferrari touch
In China the L03 wears XPeng's Mona badge, the sub-brand set up to sell sharp-looking electric cars at low prices. For international markets, including Europe, XPeng drops the Mona name and simply calls it the L03. What makes it stand out is the styling: a proper SUV-coupe silhouette with a sloping roofline and a slippery 0.228 drag coefficient, shaped by a design team led by Juanma Lopez, the former exterior design chief at Ferrari. Not bad company for a budget car.
Batteries, range and power
The pure-electric L03 uses LFP batteries in two sizes, 56 kWh and 69 kWh, good for around 525 and 625 km respectively on China's optimistic CLTC cycle, so expect somewhat lower figures on Europe's stricter WLTP test. It is driven by a single 245 hp motor. There is also a range-extender EREV version in China, pairing that motor with a small petrol generator for a combined range beyond 1,300 km, though it remains to be seen which versions XPeng brings to Europe.
Serious tech for the money
XPeng is not treating this as a stripped-out cheap car. The L03 runs the company's in-house Turing AI chips, offering roughly 1,500 TOPS of computing power, feeding its second-generation VLA assisted-driving system. Notably, it is a camera-only, vision-based setup with no LiDAR, which helps keep costs down while still promising advanced driver assistance. That is a lot of technology to find at this price point.
The price is the whole point
In China, pre-sales start at around 143,800 yuan, roughly 20,000 euro, which is remarkably cheap for a car this size and this well equipped. Europe will not get it that cheap, thanks to import tariffs and higher standards, but the whole point of the L03 is to sit well below XPeng's existing G6, which starts at 41,490 euro. Full specifications and Chinese pricing are due on 16 July 2026, with the European launch following later in the year. XPeng has not yet confirmed exact European prices.
AutoNext Take
The affordable end of the European EV market is turning into a genuine gold rush, with the Leapmotor B03X and the Changan Nevo Q05 all fighting for the same value-conscious buyer, and the L03 might be the most tempting of the lot. A good-looking SUV-coupe with an ex-Ferrari designer's touch, big-tech AI hardware and a sub-G6 price is a seriously appealing package, and it shows how quickly the Chinese brands are moving upmarket on quality while staying cheap.
The catch, as always, is what the final European price and range look like once tariffs and WLTP testing take their bite. If XPeng gets those right, legacy brands should be worried, because this is exactly the kind of car that wins over European buyers who never used to consider a Chinese badge. We will know a lot more on 16 July.
