The latest trading day saw XPeng Inc. Sponsored ADR (XPEV) settling at $12.90, representing a +1.9% change from its previous close.
Chinese electric vehicle (EV) maker Xpeng has embarked on a new camera-based technology to enhance autonomous driving, fitting it into the P7+ sedan that it plans to launch in the local market starting next month. Its new self-driving system fitted with Eagle Eye hardware and software has proven to be more accurate in information collection, according to He Xiaopeng, founder and CEO of the carmaker. The technology can enhance the autonomous capability of the P7+, a fully-electric sedan to rival
Brian Gu, Xpeng’s copresident, argued Wednesday that fierce local competition, not state support, explains China’s EV success.