.He Xiaopeng, founder of Chinese EV company Xpeng, claimed on Aug. 27 that the start-up's next ten years will pay attention to incorporating artificial intelligence.CNBC|Evelyn ChengBEIJING u00e2 $ " Xpeng reveals increased after the Mandarin electric auto firm launched its brand new mass-market Mona company on Tuesday along with costs beginning as reduced as $16,812, far listed below that of Tesla's Version 3. The Mandarin automaker pointed out orders for the Mona M03 power sports car surpassed 10,000 simply 52 mins after the auto's formal launch in Beijing.Xpeng's U.S.-listed reveals closed up 6.5% in New york city trading on Tuesday, while its Hong Kong-traded reveals rose nearly 2% early Wednesday early morning." With automobiles priced under $20,000, China is additional cementing its own new opening as the globe center for automobile manufacturing," Michael Dunne, founder as well as CEO of seeking advice from organization Dunne Insights, said Wednesday on CNBC's "Squawk Carton Asia."" China can easily produce automobiles extra inexpensively than any individual else in the world," he said.Stock Graph IconStock chart iconXpengXpeng shares prolonged increases from Monday after a submitting presented the firm's creator and also chief executive officer, He Xiaopeng, purchased least 1 thousand allotments each of the company's share traded in the USA and also Hong Kong.The total USA investment was worth almost $10 thousand, according to the submission, offering He about 18.8% of the business's complete released portion capital.Xpeng portions have actually dropped more than forty five% up until now this year.Tesla portions finalized almost 2% lower on Tuesday. Reveals of Chinese power automobile firms Zeekr and Li Automotive rose, while those of Nio shut gently lower.u00e2 $" CNBC's Sheila Chiang contributed to this report.