Chinese electric vehicle (EV) start-up Xpeng has launched an advanced driver assistance system (ADAS) that is similar to Tesla's full self-driving (FSD) software, enabling its cars to navigate their way automatically on city streets. The carmaker backed by e-commerce giant Alibaba Group Holding, the owner of this newspaper, said on Friday that the X NGP (navigation guided pilot) software can now be used in the G9 Max and P7i Max models in Guangzhou, Shenzhen and Shanghai. Xpeng claims the semi-a
While there’s something romantic about taking a shot on an underappreciated enterprise, a countervailing narrative also exists, which brings us to the topic of stocks to sell. To be sure, very few people enjoy discussing this subject (especially if you own the shares mentioned). However, it’s unavoidable. At some point, you’re going to have to issue some rejections. That’s why I’m not always onboard with pro athletes showboating about how no one believed in them, which then provided the fuel to
XPEV shares are trading lower by 4% today after the Bernstein analyst downgraded the stock. Bernstein analyst Eunice Lee downgraded XPeng Inc (NYSE: XPEV) from Outperform to Market Perform and lowered the price target from $16 to $12. Lee expects XPeng to face pressure from growing competition and therefore lowered sales volume outlook for P7/P7i, G9, G3i, and P5 models. Sales momentum could increase from Q3 with new launches, but concerns loom over the success of G6 following the disappointing