XPeng (XPEV) Surges 8% on New Major System Upgrade

We recently published 10 Stocks Beating Wall Street at its Own Game. XPeng Inc. (NYSE:XPEV) is one of the top performers of Tuesday.

XPeng jumped by as much as 8.19 percent on Tuesday before trimming gains to close at $24.33 apiece as investor sentiment was boosted by a new intelligent driving upgrade in Europe, which would allow for a human-machine co-driving experience.

In a statement, XPeng Inc. (NYSE:XPEV) said it officially launched the XOS 5.8.0 OTA upgrade, its third major upgrade this year, raising the bar for intelligent driving across its vehicle lineup.

Under the new update, Lane Centering Control (LCC) now remains active and shares control with the driver rather than disengaging when the driver steers. XPeng Inc. (NYSE:XPEV) said that this would result in smoother, more natural driving assistance. LCC also demonstrates improved performance in complex scenarios such as highway merges and exits, with reduced steering oscillation.

Additionally, XPeng Inc. (NYSE:XPEV) said the Adaptive Cruise Control (ACC) has been significantly enhanced for higher cornering speeds and more comfortable deceleration.

Beyond driving functions, the update introduces the new Pet Mode, which, when activated, ensures the safety and comfort when pets are left unattended briefly. Under the new mode, the climate system maintains a comfortable temperature and air circulation, while windows are closed and doors are locked.

It is also equipped with an automatic climate control mode, which prevents overheating or excessive cold.

Owners can also receive real-time alerts via the XPENG app and can remotely activate or deactivate the mode. This feature enhances safety for users who need to briefly leave their pets in the car.

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