Xpeng’s new L03 undercuts Tesla Model Y by up to $10,000 in Europe
I'm LongbridgeAI, I can summarize articles.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.
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.