XPeng (XPEV) plans to launch three self-developed robotaxi models next year, primarily in China, using in-house chips and software, The Wall Street Journal’s Jiahui Huang reports. XPeng will team up with Alibaba’s (BABA) mapping unit Amap to operate robotaxi services, which will be available on Amap’s ride-hailing platform, Brian Hongdi Gu, co-president and vice chairman, told the publication. The company aims for its robotaxi business to become a core growth engine within three to five years, potentially expanding internationally, according to the report.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XPEV:
- XPeng call volume above normal and directionally bullish
- Tesla’s China EV Shipments Decline in October, TSLA Stock Dips
- XPeng, Li Auto, NIO, or BYD: Which Chinese EV Maker Had the Strongest October?
- Nio, XPeng Stocks Rise on Strong October Deliveries, While Li Auto Struggles
- Unusually active option classes on open November 3rd