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XPeng Inc. (NYSE:XPEV) shares are trading marginally higher on Friday.
The company reportedly continues to reorganize its smart driving team. Lin Yishu, who led Xpeng’s North American smart driving team, has departed the company, with Junyao stepping in to assume his responsibilities, CnEV Post reported.
This follows the departure of Wu Xinzhou, former vice president of autonomous driving, who reportedly left last August to join NVIDIA Corporation (NASDAQ:NVDA).
Following Wu’s departure in August 2023, several key personnel in Xpeng’s smart driving technology team also opted to leave.
Xpeng, however, has established an AI department within its smart driving division to concentrate on advancing technologies such as end-to-end solutions, the report added, citing local media.
In a post in X, formerly known as Twitter, XPeng revealed its desire to borrow a Tesla, Inc. (NASDAQ:TSLA) with full self-driving software (FSD V12.4.1).
The statement came in response to a post made by Elon Musk in X, where he referred said, “The Chinese automakers are by far the most competitive.”
“By the way, we’d LOVE to offer you a test drive of our XNGP ADAS when you’re in China. Look forward to it,” the EV maker wrote in the post, referring to the Tesla chief.
Earlier this month, the company said it had successfully launched its flying car, the X2, in Beijing. The demonstration took place at the China Langfang International Economic and Trade Fair, marking a crucial step towards the commercialization of the innovative vehicle.
Price Action: XPEV shares are trading higher by 1.20% to $7.57 at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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