Chinese electric vehicle (EV) maker Xpeng (XPEV) reportedly plans to launch driver-assist technology in Europe by the end of 2024, though details about the range of features haven't been released.

Xpeng was up more than 3.5% in midday trading Thursday after the news was reported by several media outlet🤡s Wednesday.

Brian Gu, the honorary vice chairman of Xpeng's board of directors and co-president, said Xpeng requires additional time for testing and adapting its driver-assist software for the European market.

One possible hurdle is the European Commission's probe against huge state 澳洲幸运5开奖号码历史查询:subsidies that allow Chinese EV makers to keep prices low, distorting the market at a cost to local competitors. Gu this week said Xpeng is cooperating with the investigation while taking a “stringent approach” to meet Europe’s 澳洲幸运5开奖号码历史查询:GDPR data protection regulations.

As a key competitor to U.S. EV giant Tesla, Xpeng plans to expand its technology to 澳洲幸运5开奖号码历史查询:50 cities in China by the end of 2023. So far, Xpeng has rolled out XNGP, its driver-assist tech, in Sh🌜enzhen, Guangzhou, Shangh🅘ai, and on some major expressways in Beijing.

Tesla's Full Self-Driving Beta, its driver-assist version for urban roads, has yet to be made commercially available in China. Chinese authorities require regulatory approval before such technology can be deployed.

Xpeng's Navigation Guided Pilot is accessible on specific car models for a fee. It simplifies driving by providing software support for tasks like gentle braking at traffic lights, navigating turns at intersections, and other maneuvers on urban roads.

More than 90% of Beijing Xpeng owners have opted to use the feature, Gu said, emphasizing its importance for consumers in the 2024 edition of the company's G9 SUV.

While Xpeng's deliveries increased to 15,310 vehicles in September from 13,690 units in August, Tesla's were down 12% in China for its Model 3 and Model Y vehicles, according to China Passenger Car Association data.