.He Xiaopeng, owner of Chinese EV firm Xpeng, pointed out on Aug. 27 that the startup's upcoming a decade will focus on including synthetic intelligence.CNBC|Evelyn ChengBEIJING u00e2 $ " Xpeng reveals increased after the Mandarin electric cars and truck company launched its own brand-new mass-market Mona brand on Tuesday along with prices starting as reduced as $16,812, much below that of Tesla's Model 3. The Chinese automaker pointed out purchases for the Mona M03 power coupe surpassed 10,000 just 52 minutes after the cars and truck's official launch in Beijing.Xpeng's U.S.-listed shares closed 6.5% in New York trading on Tuesday, while its own Hong Kong-traded portions rose nearly 2% early Wednesday morning." Along with autos priced under $20,000, China is additional cementing its own brand new position as the planet facility for automobile manufacturing," Michael Dunne, creator and also chief executive officer of speaking with organization Dunne Insights, pointed out Wednesday on CNBC's "Squawk Box Asia."" China can easily create vehicles a lot more cheaply than anybody else around the world," he said.Stock Chart IconStock graph iconXpengXpeng shares expanded gains coming from Monday after a submission revealed the provider's founder as well as CEO, He Xiaopeng, bought at least 1 million reveals each of the firm's share sold the U.S. as well as Hong Kong.The total USA acquisition was worth nearly $10 thousand, according to the submission, providing He regarding 18.8% of the business's complete issued share capital.Xpeng reveals have actually dropped more than forty five% up until now this year.Tesla portions finalized nearly 2% reduced on Tuesday. Allotments of Chinese power vehicle firms Zeekr and Li Auto increased, while those of Nio finalized gently lower.u00e2 $" CNBC's Sheila Chiang supported this document.