Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Tesla's Full Self-Driving In China Faces E-Scooter Challenge, Complex Roads, Warns Xpeng's Autonomous Driving Chief

Author: Nabaparna Bhattacharya | June 27, 2024 10:43am

Tesla, Inc. (NASDAQ:TSLA) is reportedly expected to encounter a significant challenge upon introducing Full Self-Driving (FSD) technology in China, where there are over 300 million e-scooters.

This caution has been expressed by the EV behemoth’s Chinese rival XPeng Inc.‘s (NYSE:XPEV) head of autonomous driving, Li Liyun, CnEV Post reported, citing a post on Weibo.

Check This Out: XPeng CEO Tests Tesla’s Full Self-Driving Software In US, Compares Tesla’s Full Self-Driving Software With Xpeng’s Navigation Guided Pilot

He highlighted that China’s road conditions are notably more complex than those in the U.S.

Li pointed out that China suffers from a significant lack of dedicated lanes for non-motorized vehicles, with approximately 30% of roads in central Guangzhou, for instance, lacking such lanes.

Li noted that in China, electric scooters often use motor vehicle lanes, posing a challenge for Tesla’s FSD upon its introduction to the country, CnEV Post added.

He emphasized that optimizing smart driving experiences for these common scenarios is crucial for achieving effective performance in China’s complex driving environment.

Xpeng’s smart driving capabilities have been successfully tested in cities like Nanning, Guangzhou, Kunming, and Nanchang, handling complex scenarios involving electric scooters, as Li highlighted.

Xpeng’s upcoming XNGP version, expected in July, will integrate end-to-end large model technology for broader use cases, the report read.

In China, where electric scooters are essential for short-distance travel, there are 350 million of these vehicles, with 42.28 million produced in 2023 alone, according to China’s Ministry of Industry and Information Technology.

As Tesla prepares to introduce its Full Self-Driving (FSD) software in China, recent developments indicate progress toward its official launch this year, CnEV Post added.

Price Action: TSLA shares are trading flat at $196.28 at last check Thursday.

Read Next:

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo: StreetVJ/Shutterstock.com

Posted In: TSLA XPEV