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XPeng inventory rises after EV maker says it’ll debut lidar-equipped good automotive this week – MarketWatch

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Shares of XPeng Inc.
XPEV,
-2.00%

rose 1.2% in premarket buying and selling Monday, after the China-based electrical car maker mentioned it plans to debut its lidar-equipped XPeng P5 good sedan on April 14. The corporate mentioned the P5 would be the first mass-produced good EV with automotive-grade lidar know-how (mild detection and ranging), which is a system that helps present imaginative and prescient for self-driving vehicles. The inventory has misplaced 19.5% yr up to now by Friday, whereas fellow China-based EV maker Nio Inc.
NIO,
+2.18%

shares have dropped 21.8% and the S&P 500
SPX,
-0.72%

has gained 9.9%.



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