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

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.

WELCOME BONUS - Free Share Bundle When You Invest £50! Get up to £500 cashback for investing with IG.

Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.

5.0

Open Account Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

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.

Should You Invest in XPeng Shares?

One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It’s a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now