.He Xiaopeng, founder of Chinese EV company Xpeng, pointed out on Aug. 27 that the start-up's next a decade will definitely focus on combining artificial intelligence.CNBC|Evelyn ChengBEIJING u00e2 $ " Xpeng portions climbed after the Mandarin electrical vehicle provider released its brand-new mass-market Mona brand name on Tuesday along with rates beginning as low as $16,812, much listed below that of Tesla's Style 3. The Chinese automaker stated orders for the Mona M03 electrical coupe surpassed 10,000 merely 52 minutes after the car's official launch in Beijing.Xpeng's U.S.-listed portions closed 6.5% in New york city trading on Tuesday, while its own Hong Kong-traded reveals increased virtually 2% very early Wednesday morning." Along with autos valued under $20,000, China is actually more cementing its own new opening as the world facility for automotive production," Michael Dunne, owner and also CEO of getting in touch with firm Dunne Insights, stated Wednesday on CNBC's "Squawk Package Asia."" China can easily make automobiles more cheaply than anybody else around the world," he said.Stock Chart IconStock graph iconXpengXpeng shares expanded increases coming from Monday after a declaring revealed the company's founder and CEO, He Xiaopeng, purchased least 1 million portions each of the firm's stock sold the U.S. and Hong Kong.The total U.S. investment was worth nearly $10 million, depending on to the submitting, giving He regarding 18.8% of the firm's total issued allotment capital.Xpeng portions have actually shed much more than 45% so far this year.Tesla shares closed virtually 2% lower on Tuesday. Portions of Chinese electricity cars and truck firms Zeekr as well as Li Vehicle increased, while those of Nio closed mildly lower.u00e2 $" CNBC's Sheila Chiang supported this record.