Chinese electric vehicle startup Xpeng has announced plans to launch a new affordable EV model with advanced self-driving capabilities by 2024. The company aims to offer a car priced below $25,000 with features like autonomous parking and highway driving assistance. Xpeng’s CEO, He Xiaopeng, stated that the company is working on developing a full self-driving system that will be available as an option on the new model. The move is seen as a direct challenge to Tesla’s dominance in the EV and autonomous driving markets. Xpeng’s strategy involves leveraging its in-house software and hardware capabilities to offer cutting-edge technology at a lower price point. The company has already launched several models with advanced driver assistance systems and plans to continue pushing the boundaries of autonomous driving technology.
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Source: https://www.businessinsider.com/tesla-rival-china-xpeng-launches-cheap-ev-self-driving-tech-2024-8