XPeng (NYSE: XPEV) today saw the 100,000th Mona M03 roll off the assembly line, marking a milestone for the electric sedan that is crucial to boosting its sales.

US-listed shares of XPeng jumped 4.3% in morning trading.

This is only seven months after the Mona M03 was launched, setting a record for the fastest production of a battery electric vehicle (BEV) model by a new Chinese carmaker, XPeng said on Weibo.

XPeng's chairman and CEO He Xiaopeng and some Mona M03 owners witnessed the moment at the model's factory in Zhaoqing, Guangdong, according to the company.

The electric vehicle (EV) maker, based in Guangzhou, Guangdong, announced on August 9, 2024, that the first production vehicles of the Mona M03 rolled off the production line.

About 20 days later, on August 27, 2024, XPeng officially launched the electric sedan, with a starting price of RMB 119,800 yuan ($16,520), half of Tesla's (NASDAQ: TSLA) Model 3.

The first deliveries of the Mona M03 began on August 30, 2024, when XPeng said it had received more than 30,000 orders for the model 48 hours after its launch.

The Mona M03 has been one of the main factors behind XPeng's strong delivery performance over the past few months, despite the Chinese auto market being in its slow season at the beginning of the year.

The sedan has delivered more than 15,000 units each month over the past three months, according to data compiled by CnEVPost.

The sedan has delivered more than 15,000 units each month over the past three months, according to data compiled by CnEVPost.

The Mona M03 is currently being delivered in an entry-level version with a CLTC range of 515 kilometers and a long-range version with a CLTC range of 620 kilometers, starting at RMB 119,800 and RMB 129,800, respectively.

XPeng is taking orders for another variant, the Max, with a CLTC range of 580 kilometers, starting at RMB 155,800, but deliveries won't begin until May.

On February 12, Mr. He said the company would roll out the Mona M03 Max in May, equipped with the industry's top autonomous driving technology.

($1 = RMB 7.2537)