.He Xiaopeng, owner of Chinese EV company Xpeng, claimed on Aug. 27 that the start-up's upcoming a decade are going to pay attention to incorporating synthetic intelligence.CNBC|Evelyn ChengBEIJING u00e2 $ " Xpeng allotments rose after the Mandarin power automobile business launched its brand-new mass-market Mona brand on Tuesday along with costs starting as reduced as $16,812, much below that of Tesla's Style 3. The Chinese automaker mentioned orders for the Mona M03 power sports car went over 10,000 merely 52 mins after the car's professional launch in Beijing.Xpeng's U.S.-listed shares closed up 6.5% in New york city exchanging on Tuesday, while its own Hong Kong-traded portions increased virtually 2% very early Wednesday early morning." Along with cars priced under $20,000, China is more gluing its own brand new role as the globe facility for automobile production," Michael Dunne, founder and CEO of consulting with company Dunne Insights, stated Wednesday on CNBC's "Squawk Container Asia."" China may make autos more at low costs than any person else worldwide," he said.Stock Graph IconStock chart iconXpengXpeng shares stretched increases coming from Monday after a submission revealed the company's founder and also chief executive officer, He Xiaopeng, purchased least 1 thousand reveals each of the business's assets sold the U.S. and also Hong Kong.The total U.S. investment cost almost $10 million, depending on to the submitting, offering He concerning 18.8% of the business's overall released reveal capital.Xpeng shares have shed much more than 45% thus far this year.Tesla allotments finalized virtually 2% lesser on Tuesday. Reveals of Chinese electric auto providers Zeekr and Li Vehicle climbed, while those of Nio shut slightly lower.u00e2 $" CNBC's Sheila Chiang added to this file.