Tesla’s rival—Xpeng- releases new autonomous features to the company’s flagship car
The Chinese electric carmaker, Xpeng motors, has announced a new autonomous driving feature designed to work on highways, as it ramps up to challenge domestic rivals as well as Tesla. Xpeng is one of China’s electric vehicle start-ups looking to race ahead of its competitors such as Nio and Li Auto, as well as U.S. electric car giant Tesla in the country’s growing market. New feature to be added to the company’s flagship P7 sedan The new autonomous driving feature will allow the company’s flagship P7 sedan to automatically change lanes, speed up or slow down, overtake cars, enter and exit highways. The feature—called Navigation Guided Pilot or NGP—is part of the next generation of Xpeng’s XPILOT 3.0 advanced driver-assistance system (ADAS). ADAS is expected by the...
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News flash
Federal Reserve chairman says Interests rates will remain low for the foreseeable future
During a Q & A session hosted by Princeton University, US Federal Reserve Chairman Jerome Powell affirmed his commitment to keep interest rates low. He also expressed hope for a strong economic recovery from the impact of the coronavirus. Interest rates to remain low until the Federal Reserve achieves its employment and inflation goals During the wide-ranging discussion, Powell outlined the Federal Reserve strategies towards handling the challenges brought by the COVID-19 pandemic, and the body’s prediction on what is ahead. In its most recent policy statement, which was issued...
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