What's Going On With Chinese EV Maker XPeng Shares Today?

XPeng Inc. XPEV shares are trading higher on Wednesday.

Today, the company highlighted its AI innovations at the XPENG Smart AI Technology Conference and announced the global rollout of Tianji XOS 5.2 for all eligible XPeng models.

XNGP will upgrade from “available nationwide” to “highly usable nationwide,” marking full-scale availability with no restrictions on cities, routes, or road conditions, according to a press release.

“AI has started leading new trends and technological waves post-2023, bringing four new directions: chips, large models, autonomous driving, and robotics. Among the new leading enterprises riding this AI wave is XPeng,” said He Xiaopeng, Chairman and CEO.

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In July, XPeng began the beta testing of Tianji XOS 5.2 for eligible car owners in China and globally.

This year, XPenghas accelerated its Go Global 2.0 strategy, expanding into 30 countries and regions, including Europe, the Middle East, Asia-Pacific, Africa, and Latin America.

In the first half of 2024, XPeng topped the export volume among Chinese pure electric brands for mid-to-high-end models and led sales in mid-to-high-end pure electric SUVs in several developed Northern European and Middle Eastern markets.

XPeng’s smart driving is currently at the initial “nationwide usability” stage and is expected to reach the second stage by the fourth quarter of 2024.

By late 2025 or early 2026, the frequency of safety and efficiency interventions will be significantly reduced, improving the overall user experience and making the feature more user-friendly.

Meanwhile, XPeng is set to debut its next-generation supercharger this quarter, featuring the new S5 liquid-cooled station, reported CnEV Post. Launching in the third quarter, it will provide up to 800 kW of charging power for faster charging speeds.

Price Action: XPEV shares are trading higher by 1.83% to $8.085 at last check Wednesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via Shutterstock

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