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By Sam Boughedda
Investing.com — At its annual 1024 Tech Day, electric vehicle firm Xpeng Inc (NYSE:XPEV) unveiled various innovations, including its futuristic car design, which can drive and fly.
XPeng's shares are up more than 10% to $47.55 on Monday.
While the company did not provide too many details on the flying car, HT Aero, an urban air mobility company XPeng has invested in, will build the vehicles.
The XPeng X2 will be made based on HT's record of 15,000 successful flights, in-house research&development, and multi-level safety redundancy design. It was described previously by HT as an electric 2-seater enclosed cockpit flying vehicle. The rollout is planned for 2024.
Other new concepts included the Chinese company's advanced driver assistance system XPILOT 3.5 and XPILOT 4.0, supercharging technology breakthroughs, and robotic innovations, which will all form components of the company's planned smart mobility platform.
The first half of 2022 will see XPeng roll out XPILOT 3.5, extending the driver assistance system to support driving in China's major roads and cities. According to XPeng, 60% of its users have paid for its assisted driving feature.
In addition, XPeng revealed that as part of its goal to deliver the smart mobility platform, it will introduce China's first 800v high-voltage mass production SiC platform with "X-Power" superchargers that can charge for a range of 200km in 5 minutes.