.He Xiaopeng, owner of Chinese EV company Xpeng, said on Aug. 27 that the start-up's following ten years will definitely pay attention to integrating man-made intelligence.CNBC|Evelyn ChengBEIJING u00e2 $ " Xpeng shares rose after the Chinese electricity cars and truck company released its own brand new mass-market Mona label on Tuesday with prices beginning as reduced as $16,812, far below that of Tesla's Model 3. The Chinese automaker pointed out orders for the Mona M03 power coupe exceeded 10,000 only 52 mins after the car's official launch in Beijing.Xpeng's U.S.-listed shares closed up 6.5% in The big apple trading on Tuesday, while its own Hong Kong-traded allotments climbed nearly 2% very early Wednesday early morning." With autos valued under $20,000, China is actually additional cementing its brand-new opening as the world center for auto production," Michael Dunne, founder and chief executive officer of seeking advice from company Dunne Insights, stated Wednesday on CNBC's "Squawk Box Asia."" China may make cars and trucks even more inexpensively than anyone else around the world," he said.Stock Graph IconStock chart iconXpengXpeng shares stretched increases from Monday after a filing presented the company's founder and chief executive officer, He Xiaopeng, bought at the very least 1 thousand shares each of the provider's share traded in the U.S. and Hong Kong.The complete USA investment was worth virtually $10 thousand, depending on to the filing, giving He regarding 18.8% of the provider's total issued share capital.Xpeng allotments have actually dropped much more than 45% up until now this year.Tesla allotments shut nearly 2% lesser on Tuesday. Allotments of Mandarin electrical auto business Zeekr as well as Li Car rose, while those of Nio shut mildly lower.u00e2 $" CNBC's Sheila Chiang helped in this document.