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GUANGZHOU - Chinese electric vehicle maker Xpeng Inc (NYSE:XPEV) (HKEX:9868), whose stock has surged over 147% in the past year according to InvestingPro data, was the only Chinese automaker invited to present at the 2025 Conference on Computer Vision and Pattern Recognition (CVPR) workshop on autonomous driving in Nashville, Tennessee, the company announced Monday.
Xpeng participated in discussions with industry leaders including Waymo, NVIDIA, UCLA, and the University of Tuebingen at the event held on June 11. The company delivered a presentation titled "Scaling up Autonomous Driving via Large Foundation Models," sharing insights from its research and development efforts.
Coinciding with its CVPR participation, Xpeng announced the launch of its G7 model in China, which the company describes as having an L3-grade computing platform for autonomous driving capabilities. With a solid current ratio of 1.21 and strong cash position, as reported by InvestingPro, the company appears well-positioned to fund its autonomous driving initiatives. The company also proposed two standards for next-generation L3 autonomous systems: computing power exceeding 2000 TOPS (trillion operations per second) and onboard deployment of specialized vision-language AI models.
The CVPR workshop, which has previously featured speakers from Tesla, OpenAI, and Wayve, represents a significant industry recognition for Xpeng’s autonomous driving technology development.
Founded in 2014, Xpeng develops its advanced driver-assistance system technology and in-car operating system in-house, along with core vehicle systems. The company manufactures its electric vehicles primarily at facilities in Zhaoqing and Guangzhou in China’s Guangdong province.
The information in this article is based on a press release statement from Xpeng.
In other recent news, XPeng has been making significant strides in the electric vehicle market with a series of developments. Goldman Sachs upgraded XPeng’s stock rating from Neutral to Buy, citing strategic improvements such as organizational restructuring and cost optimization. The investment bank highlighted these changes as enhancing XPeng’s competitiveness, with expectations for sustainable sales growth and improved profit margins. Additionally, CFRA analysts upgraded XPeng from a Strong Sell to Hold, raising the price target to $20.00, driven by projected revenue growth and market penetration.
XPeng is also expanding its technological capabilities, reportedly developing advanced chips for Volkswagen vehicles, which could enhance features like autonomous driving. In product news, XPeng launched the MONA M03 Max, a hatchback sedan featuring a sophisticated driver assistance system and AI-driven smart cockpit, priced competitively at $20,000. This model aims to democratize advanced driving features, supported by NVIDIA chipsets for high computing power.
Despite these advancements, XPeng experienced a 4% decline in vehicle volumes in May, attributed to decreased demand for certain models. However, the company anticipates a rebound with the introduction of new models like the M03 Max. These developments reflect XPeng’s ongoing efforts to strengthen its position in the competitive Chinese EV market.
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