Chinese electric vehicle maker XPeng Inc XPEV launched its assisted-driving technology in Beijing and three other cities.
The EV maker became the first company to roll out an advanced driver-assistance system (ADAS) in Beijing after winning approval for use on significant ring roads and expressways in the capital city, Barron's reports.
Also Read: XPeng Stock Drops After Q1 Earnings and Cautious Outlook: The Details
XPeng said its City NGP (Navigation Guided Pilot) system, which is similar to Tesla Inc's TSLA FSD (Full Self-Driving) feature, is also available in Shanghai, Shenzhen, and Guangzhou. The company plans to expand the feature into "dozens of cities" in 2023.
This week, XPeng disclosed that its new G6 SUV bagged 25,000 pre-sale orders in 72 hours.
The stock has gained 27% last week.
Price Action: XPEV shares are trading higher by 2.22% at $11.04 in premarket on the last check Thursday.
Photo via Wikimedia Commons
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