XPeng Stock Rises Following Launch Of G9 SUV, City NGP Pilot Program

XPeng

The flagship G9 SUV, the company’s fourth manufacturing car, will go on sale soon, according to XPeng (NYSE:XPEV).

The company said the G9, which is bigger and more technologically advanced than its G3i counterpart, will compete in the medium-to-large smart electric SUV market. The business plans to introduce the new model before the end of the month.

The first Chinese automaker to introduce sophisticated Advanced Driver Assistance System (ADAS) features for difficult urban driving circumstances is XPeng (NYSE:XPEV). A City Navigation Guided Pilot program has been started by the company.

City NGP combines an ADAS platform with a multi-modality sensor fusion framework using cameras, LiDAR units, millimeter-wave radars, high-precision positioning units, and other sensor gear to deliver a 360-degree fusion perception.

When the program is activated with a predetermined destination, the vehicle itself is capable of carrying out the full range of driving tasks, such as maintaining an appropriate speed throughout the driving route, changing lanes in response to navigation or vehicle overtaking decisions, avoiding obstacles or stationary objects, and managing merging or splitting roads. These features let the car to identify and react to traffic lights, determine when to change lanes, alert the driver, and avoid obstructions.

A feature of XPILOT 3.5 called City NGP will first be made available on the XPeng P5 premium edition. The program’s features must first undergo a seven-day familiarization phase and 100 km of driving before they may be used on all access roads.

The fourth production model, the flagship G9 SUV from Future XPeng, will include the full-scenario ADAS when it is formally unveiled in China on September 21.

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In response to Tesla’s (NASDAQ:TSLA) Full Self Driving Beta, XPeng (NYSE:XPEV) is currently testing Xpilot and City NGP with clients in the United States. After testing, CNBC reported that Tesla’s FSD Beta is still rife with faults and not yet ready for a widespread distribution.

The City NGP pilot brings the company “one step closer to full autonomy,” according to XPeng (NYSE:XPEV) vice president Charles Zhang, who was speaking to CNBC on Monday. However, Xpeng will likely need to prove the dependability and security of its system before Chinese regulators allow the company to roll out the function throughout the entire city of Guangzhou, much alone the entire country.

Advanced self-driving technologies have become a key differentiator for the plethora of Chinese electric car manufacturers in what has become a fiercely competitive market. Competitors of Xpeng are also developing this technology, including Nio and Jidu, Baidu’s electric car division. By 10:24 AM EDT, pre-market trading for XPEV shares had risen to $16.02.

Featured Image – Megapixl © Timonschneider

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