(April 14) Electric vehicle stocks were down. Shares of Nio was down 6.62% to $33.13 and Nio was 3.14% lower.
Xpeng Motors launched the P5 on Wednesday, a sedan with new self-driving features. The P5 is equipped with so-called Lidar to aid Xpeng’s driverless system called XPILOT. Xpeng is hoping to close to gap with Tesla as well as race ahead of other rivals such as Nio and Li Auto.
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