Xpeng co-president Brian Gu stated, 'It is good news for us. You need competition to expand the field... we obviously cannot go to the US at the moment to compete... But if they are in China, we can compete side by side and learn from them, and they can learn from us and help the market.'
Gu emphasized the importance of competition by saying, 'It's a bigger pie for all of us to enjoy.' He sees the potential for growth and collaboration in the Chinese EV market.
As Tesla moves to launch its Full-Self-Driving technologies, Gu noted, 'Xpeng's City Navigation Guided Pilot (NGP) system is available throughout China... NGP can overtake, recognize traffic signals, and conduct lane changes, indicating strong competition in the autonomous driving space.'
The article charts Xpeng's struggle, highlighting that, 'Along with China's EV giants, Xpeng has been effectively blocked from selling its electric vehicles in the US by tariffs... President Biden announced a 100% levy on China-made EVs in May, aimed at protecting the US auto industry.'
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