Xpeng Stock Reverses After Unveiling First Electric Vehicle Of Its Kind

Xpeng (XPEV) unveiled its P5 electric car, touting it as the world’s first mass-produced EV equipped with lidar sensors. Xpeng stock turned lower.


The P5 marks the Chinese EV startup’s third production vehicle and second electric sedan. It is “the world’s first production smart EV equipped with automotive-grade LIDAR technology,” Xpeng said in a release.

Some Wall Street analysts regard the emerging Tesla (TSLA) rival as an early leader in autonomous driving.

“Each new Xpeng model aims for a new high in technology, and the P5 is our most advanced and technically ambitious model yet,” said CEO He Xiaopeng.

Lidar technology uses pulsed laser light bouncing off objects to gauge their position, shape and distance. Lidar is expected to become a core self-driving technology, helping driverless vehicles “see” both static and moving objects on the roads, even in challenging weather and lighting conditions.


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Copart Is a Totally Different Kind of Car Stock

We all know someone who’s had their car totaled. It’s no fun, but did you know there are businesses built entirely around buying and selling totaled cars? In this episode of Industry Focus: Energy, Motley Fool contributor Luis Sanchez joins host Nick Sciple to take a look at Copart (NASDAQ:CPRT) and how the automotive auction industry profits from totaled cars.

To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.

This video was recorded on March 10, 2021.

Nick Sciple: “It’s totaled.” Even if you’ve never been through it yourself, we all know at least one person who has gotten that call from their insurance company. The call that explains that your car costs more to fix than it’s

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