.He Xiaopeng, owner of Mandarin EV firm Xpeng, mentioned on Aug. 27 that the start-up's following a decade are going to pay attention to incorporating artificial intelligence.CNBC|Evelyn ChengBEIJING u00e2 $ " Xpeng shares rose after the Chinese electric cars and truck provider released its new mass-market Mona brand on Tuesday along with rates beginning as reduced as $16,812, far listed below that of Tesla's Model 3. The Chinese automaker pointed out orders for the Mona M03 electrical sports car surpassed 10,000 simply 52 moments after the vehicle's professional launch in Beijing.Xpeng's U.S.-listed allotments closed 6.5% in New york city exchanging on Tuesday, while its own Hong Kong-traded portions rose almost 2% early Wednesday early morning." With autos priced under $20,000, China is further sealing its own brand new role as the planet center for automotive manufacturing," Michael Dunne, founder and also CEO of getting in touch with organization Dunne Insights, pointed out Wednesday on CNBC's "Squawk Package Asia."" China can easily generate vehicles a lot more inexpensively than anyone else worldwide," he said.Stock Graph IconStock graph iconXpengXpeng reveals stretched increases coming from Monday after a submission presented the company's founder as well as chief executive officer, He Xiaopeng, bought at least 1 million shares each of the company's share stocked the U.S. and also Hong Kong.The overall U.S. investment deserved almost $10 million, according to the submitting, providing He regarding 18.8% of the provider's complete released share capital.Xpeng reveals have actually shed greater than 45% up until now this year.Tesla shares shut virtually 2% lesser on Tuesday. Allotments of Chinese electric vehicle companies Zeekr and also Li Auto rose, while those of Nio finalized slightly lower.u00e2 $" CNBC's Sheila Chiang supported this file.