XPeng Inc (NYSE: XPEV) shares are trading higher Monday after the company announced the launch of its pilot program for its City Navigation Guided Pilot.
Chinese tech stocks suffered a meltdown since many hit all-time highs in early 2021, with no significant improvement in 2022 compelling Goldman Sachs to at least take a new look at this sector,
XPeng Inc. ("XPeng" or the "Company", NYSE: XPEV and HKEX: 9868) announced that it has launched the pilot program of City Navigation Guided Pilot ("City NGP"), making it the first Chinese auto company to launch such high-level Advanced Driver Assistance System ("ADAS") functions for complex urban driving scenarios.
Electric vehicle stocks closed the week ending Sept. 17 on a mixed note, as investors reacted to the macroeconomic uncertainty that dragged the broader market lower, analysts’ actions, and a positive policy move.
Now, here are the key events that happened in the EV space during the week: