Please ensure Javascript is enabled for purposes of website accessibility

Xpeng to Debut Lidar-Equipped EV This Week

By Rich Duprey - Updated Apr 12, 2021 at 12:10PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The company says its P5 will be the first lidar-equipped production vehicle.

When Xpeng (XPEV -1.72%) premieres its P5 smart electric vehicle (EV) at a press briefing in Guangzhou, China, on Wednesday, it will mark the automaker's third production model and will be the first one to feature lidar sensors to enhance its advanced driver-assist systems.

Xpeng says the P5 will be the first mass-produced smart EV with automotive-grade lidar technology, which bounces laser-light pulses off of objects to measure the time it takes for the beams to reflect back. In doing so, the sensors are meant to be able to determine the presence, shape, and distance of the objects with pinpoint accuracy. It promises to become a key technology for autonomous vehicles.

Xpeng's P7 dashboard display

An Xpeng P7 dashboard display. Image source: Xpeng.

Although Xpeng already offers a self-driving car, the lidar-equipped model could prove popular by allowing for hands-free driving in city conditions because it ought to significantly improve the vehicle's precision object recognition.

Xpeng first announced the P5 at last year's Auto Guangzhou 2020 auto show. It says the car will be powered by its XPILOT autonomous driving system. It includes high-definition cameras, millimeter-wave radar, ultrasonic sensors, and high-precision GPS and mapping systems.

Xpeng has emerged as a strong competitor to Tesla (TSLA -1.79%) in China with its advanced smart EVs and focus on autonomous driving and vehicle connectivity. 

It says the P5 will be featured at Auto Shanghai 2021 on April 19, where all the details of the EV's configurations, performance, and pricing will be made available.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

XPeng Inc. Stock Quote
XPeng Inc.
XPEV
$32.10 (-1.72%) $0.56
Tesla, Inc. Stock Quote
Tesla, Inc.
TSLA
$685.47 (-1.79%) $-12.52

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
319%
 
S&P 500 Returns
112%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 06/30/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.