.He Xiaopeng, creator of Chinese EV company Xpeng, mentioned on Aug. 27 that the start-up's following ten years will pay attention to integrating artificial intelligence.CNBC|Evelyn ChengBEIJING u00e2 $ " Xpeng reveals climbed after the Chinese electric auto provider released its new mass-market Mona brand on Tuesday with costs beginning as low as $16,812, much below that of Tesla's Version 3. The Mandarin automaker mentioned purchases for the Mona M03 electricity sports car exceeded 10,000 just 52 minutes after the vehicle's official launch in Beijing.Xpeng's U.S.-listed allotments closed up 6.5% in The big apple exchanging on Tuesday, while its Hong Kong-traded portions climbed nearly 2% early Wednesday early morning." Along with autos priced under $20,000, China is further gluing its brand-new position as the planet center for automotive manufacturing," Michael Dunne, founder as well as CEO of consulting with company Dunne Insights, pointed out Wednesday on CNBC's "Squawk Container Asia."" China may create vehicles much more at low costs than anybody else in the world," he said.Stock Graph IconStock graph iconXpengXpeng reveals prolonged gains coming from Monday after a declaring revealed the provider's owner as well as chief executive officer, He Xiaopeng, purchased minimum 1 million portions each of the company's equity traded in the U.S. as well as Hong Kong.The total USA investment was worth virtually $10 million, according to the declaring, giving He concerning 18.8% of the company's overall provided share capital.Xpeng reveals have lost much more than 45% up until now this year.Tesla shares shut nearly 2% lower on Tuesday. Allotments of Mandarin electricity vehicle companies Zeekr and also Li Automobile rose, while those of Nio closed mildly lower.u00e2 $" CNBC's Sheila Chiang brought about this file.