.He Xiaopeng, creator of Mandarin EV business Xpeng, pointed out on Aug. 27 that the start-up's following a decade will definitely focus on integrating artificial intelligence.CNBC|Evelyn ChengBEIJING u00e2 $ " Xpeng reveals increased after the Chinese electrical vehicle provider released its new mass-market Mona brand on Tuesday along with prices starting as low as $16,812, far listed below that of Tesla's Style 3. The Chinese automaker mentioned purchases for the Mona M03 electricity sports car went beyond 10,000 just 52 minutes after the auto's official launch in Beijing.Xpeng's U.S.-listed shares closed 6.5% in New York trading on Tuesday, while its Hong Kong-traded portions climbed almost 2% early Wednesday morning." With autos priced under $20,000, China is actually further sealing its brand-new opening as the world center for automobile production," Michael Dunne, owner and also CEO of consulting with organization Dunne Insights, claimed Wednesday on CNBC's "Squawk Box Asia."" China may make automobiles more at low costs than anybody else around the world," he said.Stock Chart IconStock chart iconXpengXpeng portions extended gains from Monday after a filing revealed the company's owner and also CEO, He Xiaopeng, purchased minimum 1 million portions each of the business's equity sold the united state and also Hong Kong.The total USA investment was worth almost $10 thousand, according to the filing, offering He about 18.8% of the firm's overall released portion capital.Xpeng reveals have actually dropped much more than 45% thus far this year.Tesla shares shut virtually 2% lesser on Tuesday. Portions of Chinese electricity vehicle providers Zeekr and also Li Auto rose, while those of Nio finalized slightly lower.u00e2 $" CNBC's Sheila Chiang supported this record.