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Xpeng Shares Higher As it Prepares to Debut New LiDAR-Equipped Smart EV

Sam Boughedda trader
Updated 12 Apr 2021

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Electric vehicle firm XPeng’s (NYSE: XPEV) share price is up on Monday after the company revealed it will premier its third production model, the XPeng P5 smart sedan, on the 14th of April 2021.

The Guangzhou-based company said they will debut the model in a press briefing in the city.

“The P5 is the world’s first mass-produced smart EV equipped with automotive-grade LiDAR technology, powered by XPeng’s full-stack in-house developed autonomous driving system XPILOT,” stated XPeng.

XPeng said the press briefing will reveal the P5’s “unique design language”, the underlying architecture for its next-generation XPILOT 3.5 system and its functionalities, the new features supported by its intelligent in-car operating system Xmart OS, and more.

The XPeng P5 will be featured at the Auto Shanghai 2021 on the 19th of April.

XPeng’s share price is trading 1.30% higher after the open on Wall Street at $34.94 per share.

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Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.