XPeng stock jumped 3.2% in premarket action

XPeng stock jumped 3.2% in premarket action after XPeng launching its third production model, named P5.

The P5 model, boasting XPeng’s proprietary XPILOT 3.5 system and Xmart 3.0, is likely to be a game changer for the company. The XPILOT 3.5 system will enable enhanced neural networking capabilities, and advancements in digital mapping and obstacle-recognition functionalities that are expected to lead to safer navigation, reduction in accidents as well as commuter comfort. The XPILOT 3.5 architecture will have an updated version of Navigated Guided Pilot, which is also designed for city roads, in addition to highways. Meanwhile, the Xmart OS 3.0 platform will help in offering full scenario voice assistance. The P5 model aims to bring about high level of technological advancement for smart electric cars, which is increasingly essential in China’s crowded EV market.