XPeng secured 24,863 firm orders for its new flagship GX SUV within 12 hours of launch. Over 80% of these initial orders were for the top-tier Ultra Flagship versions. The model is central to the company's sales targets for the year.
CEO He Xiaopeng announced a transition to a pure vision autonomous driving solution. The company is abandoning LiDAR sensors to adopt a strategy similar to Tesla. XPeng was among the first manufacturers to mass-produce vehicles with LiDAR technology.
XPeng's Hong Kong-listed shares traded higher following the news.