---
title: "Xpeng’s new L03 undercuts Tesla Model Y by up to $10,000 in Europe"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292938875.md"
description: "Xpeng launched its L03 electric SUV-coupe in Europe with a starting price of €34,990, undercutting the Tesla Model Y by approximately €3,400 in Germany and $10,000 in Norway. Unveiled at Munich's Global Brand Event, this marks Xpeng's largest global launch across over 60 markets. Deliveries are scheduled to begin in the fourth quarter."
datetime: "2026-07-16T18:13:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292938875.md)
  - [en](https://longbridge.com/en/news/292938875.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292938875.md)
---

# Xpeng’s new L03 undercuts Tesla Model Y by up to $10,000 in Europe

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.

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