Key Points
- Xpeng's ADAS Expansion: Xpeng Motors plans to introduce its Advanced Driver Assistance System (ADAS) to more Chinese cities, allowing certain models to navigate autonomously.
- The X9 Debut: Xpeng unveiled its new multipurpose vehicle, the X9, with rear-wheel steering for enhanced maneuverability.
- Cost-Effective Autonomy: Similar to Tesla, Xpeng adopts an affordable approach to autonomous technology, relying on cameras and AI.
- Advanced Occupancy Networks: Xpeng uses deep neural networks for high-definition spatial awareness and collision avoidance without certain sensors.
- Diverse Product Lineup: Xpeng reveals plans for new multipurpose vehicle models and prototypes of electric vertical take-off and landing vehicles (eVTOLs)
Chinese electric vehicle startup, Xpeng Motors, has unveiled plans to expand its Advanced Driver Assistance System (ADAS) across mainland China.
At the company's annual Tech Day event, CEO He Xiaopeng announced that Xpeng's X NGP (Navigation Guided Pilot) software would roll out in an additional 20 cities next month and an additional 25 cities by December. This expansion will enable certain Xpeng models to navigate autonomously following a software update.
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Xpeng is confident in its autonomous driving technology and aims to make semi-autonomous vehicles available in urban areas. By December, the company plans to have its ADAS available in 50 cities, with a nationwide release in China and Europe scheduled for 2024.
The Tech Day event also showcased Xpeng's latest innovation, the X9. This multipurpose vehicle model comes equipped with rear-wheel steering as a standard feature, providing improved maneuverability similar to a regular-sized sports utility vehicle. The X9 will officially debut at the Guangzhou Auto Show in November.
Xpeng is adopting a cost-effective approach to autonomous driving technology by heavily relying on cameras and artificial intelligence. This strategy is reminiscent of Tesla's, as Xpeng seeks to offer a more affordable hardware suite. The incorporation of advanced occupancy networks, including deep neural networks predicting occupancy in three-dimensional space, enables collision avoidance without the need for certain sensors.
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The X9 also features Xpeng's advanced XOS cabin intelligent system, powered by Qualcomm's 8295 processor. This system allows drivers and passengers to run different applications simultaneously with its split-screen mode, enhancing multitasking efficiency.
In addition, Xpeng unveiled its future plans to diversify its product lineup. The company revealed its first multipurpose vehicle model and presented two prototypes of electric vertical take-off and landing vehicles (eVTOLs). Xpeng's eVTOLs feature foldable designs and modular systems, allowing the separation of flight and automobile components. The company also introduced its humanoid robot prototype, the PX5, demonstrating impressive navigation and object interaction capabilities.
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What is Xpeng's Advanced Driver Assistance System (ADAS)?
Xpeng's Advanced Driver Assistance System, known as X NGP (Navigation Guided Pilot) software, enables certain Xpeng models to navigate autonomously following a software update.
In which cities will Xpeng's ADAS be introduced? Xpeng's ADAS is currently operational in five mainland Chinese cities. It will expand to an additional 20 cities next month and an additional 25 cities by December.
When will Xpeng's ADAS be available nationwide in China and Europe? Xpeng aims to have its ADAS available nationwide in China and Europe by 2024.
What is the Xpeng X9? The Xpeng X9 is a multipurpose vehicle model equipped with rear-wheel steering as a standard feature, providing improved maneuverability similar to a regular-sized sports utility vehicle.
What is Xpeng's approach to autonomous driving technology? Xpeng is adopting a cost-effective approach to autonomous driving technology by relying on cameras and artificial intelligence. This allows for a more affordable hardware suite while maintaining high-definition spatial awareness and extended visibility.
Institutions Holding XPEV
- # of Institutions 232
- Shares Held 101M
- Call Options Held 6.81M
- Put Options Held 5.96M
About XPENG INC.
- Ticker XPEV
- Exchange OTC
- Sector Consumer Cyclical
- Industry Auto Manufacturers
- Shares Outstandng 855,961,024
- Market Cap $7.33B
- Description
- XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans under the P7 name; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, vehicle leasing, insurance agency, ri...