Chinese electric vehicle maker Xpeng Motors launched the P5 on April, aiming to race ahead in China's ultra-competitive auto market.The P5 is Xpeng's third production model and features Lidar technology to aid its driverless system called XPILOT. Various incentives from the government have helped China become the world's biggest electric car market.
——Chinese Tesla rival Xpeng Motors launches sedan with new driverless features as EV race heats up, CNBC
Driven by various favorable policies, China's EVs have entered the fast lane of development. To further enhance market competitiveness, EV enterprises including Xpeng Motors strengthen their technological research and development, and carry out IP portfolio in core technologies including autonomous driving, injecting new momentum into the industry's upgrade and transformation.