Xpeng will introduce Eve Energy as a new battery supplier for its Mona lineup to lessen reliance on BYD, local outlet Jipian Lab reported on Monday.
The company plans to use Eve Energy’s prismatic-cell batteries in the base models of upcoming Mona vehicles, while long-range versions will continue using BYD’s blade batteries.
The Mona series, launched in August with the M03 sedan priced from 119,800 yuan ($16,820), relies entirely on BYD’s lithium iron phosphate blade batteries through its FinDreams unit.
Eve Energy’s solution allows greater layout flexibility compared with BYD’s short blade design, helping Xpeng diversify supply and manage costs, according to the report.
Xpeng currently sources batteries primarily from CALB, Eve Energy, and BYD. CALB provides for the G6, G7, G9, and X9 models; Eve Energy supplies the P7+ and 2024 X9; and BYD holds the entire share for the Mona M03. Regulatory filings also indicate Eve Energy will supply batteries for the extended-range G7.