Xpeng

The X2's controls feel right at the fingertips, and it will go wherever the driver wants it to go, according to Xpeng CEO He Xiaopeng.

Xpeng is down 11 percent in the US this month, compared to Nio's 4 percent decline and Li Auto's 2 percent gain over the same period.

Xpeng's technology unit, HT Aero, takes the way cars operate and applies it to the flying system to make learning to fly less difficult.

Xpeng Robotics, which unveiled its first product last year and brought in an industry veteran, will use its latest financing to ramp up its R&D.

Xpeng delivered 34,422 units in the second quarter, above its previous guidance range of 31,000 to 34,000 units.

Xpeng G9 will be the best SUV within RMB 500,000 ($74,550), said the company's chairman and CEO, He Xiaopeng.

CICC raised its price target on Xpeng to $45, saying the pace of the City NGP launch is expected to be a core catalyst for its share price rise.

The setback regarding the P5 does not affect Xpeng's long-term strategy in Europe, where it is moving to encourage local consumers to pre-order the P7 sedan.

Xpeng's cumulative deliveries surpassed 200,000 units this week, joining Nio as the next Chinese carmaker to reach the milestone.

Xpeng will begin putting a new generation of superchargers into service in the second half of the year, allowing vehicles to charge from 10 percent to 80 percent in as little as 12 minutes.