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Chinese Automaker Unveils Autonomous Driving System to Challenge Tesla Inc.’s (NASDAQ: TSLA)

With only a couple of electric vehicle models under its belt, Tesla Inc. (NASDAQ: TSLA) managed to become the largest car company in the world, surpassing companies that had been in the game for much longer. But despite its lofty perch at the top of the young EV industry, the California-based EV maker faces stiff competition from upcoming Chinese ventures. Chinese EV makers such as Xpeng and NIO Inc. (NYSE: NIO) produce high-quality electric vehicles (“EVs”), and they are looking to dominate the growing China market, the largest EV market in the world.

In a not-so-subtle challenge to Tesla’s autonomous driving system, Navigate on Autopilot (“NoA”), Xpeng has unveiled autonomous driving features for highway driving. The new autonomous features, dubbed Navigation Guided Pilot (“NGP”), will be available…

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