According to Benzinga Pro, XPEV stock has lost over 15% in the past year. Investors can gain exposure to the stock via SPDR S&P Kensho Smart Mobility ETF (NYSE:HAIL).
Earlier this month, XPeng’s Chairman, He Xiaopeng, unveiled further details about the Land Aircraft Carrier, including its design, functionality, and projected sales timeline. This flying car consists of two parts: a ground module and an air module. The ground module houses the aerial component, which can be detached for air travel. The two components are designed to automatically connect and separate.
Related: XPeng Flying Car Can Be Mastered In 3 Hours, Says Company Chairman
The air module, designed to accommodate two passengers, offers a solution to the challenge of landing space by folding compactly into the ground module trunk when not in use. Xpeng Aeroht plans to begin pre-sales for the modular flying car by the end of 2024, with mass production and deliveries set for 2026, CnEV Post added. The car is expected to be priced at no more than 2 million yuan ($277,390), according to founder and president Zhao Deli.
The development signals a significant step forward in XPeng’s ambitious plans for the future of transportation, positioning itself at the forefront of the emerging flying car market.
Price Action: XPEV shares are trading lower by 3.18% to $13.24 at last check Wednesday.
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