![]() ![]() It reported a 45.9 per cent drop in revenue and a 37.6 per cent wider net loss in the first quarter. In the first five months of this year, Xpeng delivered 32,815 units, down 38.9 per cent from the same period of 2022. The company said it received more than 25,000 orders for the G6 within the first 72 hours of its presale period. Due for delivery to customers next month, the G6 starts at 225,000 yuan (US$31,471), compared to 263,900 yuan for the entry-level Model Y. Xpeng last week began taking orders for its new G6 sport-utility vehicle, seen as a challenger to Tesla's Model Y. Baidu's EV unit Jidu plans to launch its first production model this year, which it claims will have L4 capability. Most of their cars are fitted with L2 or 元 capabilities, which provide assistance to the driver but require more active supervision. Other major domestic EV makers including Nio and Li Auto are also developing preliminary autonomous-driving technology. " needs to prove their safety before FSD hits the Chinese market." "A wide use of X NGP may not fire up Xpeng's sales immediately, but it helps hone its image as a leader in developing autonomous cars," said Chen Jinzhu, CEO of consultancy Shanghai Mingliang Auto Service. The company plans this year to expand its coverage to "dozens of cities" across mainland China, the world's largest automotive and EV market, it said in a statement. X NGP now works in the mainland's four top-tier cities, after launching in Shanghai, Guangzhou and Shenzhen in March. Some of Xpeng's P7, G9 and P5 models will be able to drive autonomously in the capital after receiving an over-the-air software upgrade, said the company, the first Chinese carmaker to gain approval for its semi-autonomous driving technology from Beijing transport authorities.ĭo you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. The Guangzhou-based company announced the Beijing launch of its X NGP (Navigation Guided Pilot) software, which is similar to Tesla's "Full Self Driving" (FSD) system, reinforcing its bid to be a global leader in autonomous cars. Some cars made by Chinese electric-vehicle (EV) builder Xpeng will be able to drive themselves through Beijing's streets starting on Thursday as mainland carmakers battle for pole position in the future of mobility. ![]()
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