vehicle

Xpeng Stock Reverses After Unveiling First Electric Vehicle Of Its Kind

Xpeng (XPEV) unveiled its P5 electric car, touting it as the world’s first mass-produced EV equipped with lidar sensors. Xpeng stock turned lower.




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The P5 marks the Chinese EV startup’s third production vehicle and second electric sedan. It is “the world’s first production smart EV equipped with automotive-grade LIDAR technology,” Xpeng said in a release.

Some Wall Street analysts regard the emerging Tesla (TSLA) rival as an early leader in autonomous driving.

“Each new Xpeng model aims for a new high in technology, and the P5 is our most advanced and technically ambitious model yet,” said CEO He Xiaopeng.

Lidar technology uses pulsed laser light bouncing off objects to gauge their position, shape and distance. Lidar is expected to become a core self-driving technology, helping driverless vehicles “see” both static and moving objects on the roads, even in challenging weather and lighting conditions.

The

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City looking to power the electric vehicle industry in Flagstaff | Local

But few vehicle owners have actually taken advantage of the all-electric vehicles rebate, Fitchett said.

Hybrid vehicles, qualifying for a 1.6% rebate, have accounted for nearly all of the city’s SATR applications. Fitchett attributed the city’s small amount of qualifying vehicle stock in the other tiers, and not necessarily to a lack of public interest.

As the rebate program takes its roots in the city and more electric vehicles hit the market, Fitchett said dealerships will be supported in their efforts to bring electric vehicle models to consumers. It is one of a few strategies the city has implemented to encourage electric vehicle use.

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In July, the City of Flagstaff partnered with Arizona Public Service to install four electric vehicle charging stations at Flagstaff City Hall. Growing incentives, coupled with the city’s new electric vehicle infrastructure, could explain the recent

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Used vehicle costs to rise due to computer chip shortages

Get ready to pay higher prices for used cars.

A dearth of semiconductor chip production is cramping new-vehicle production , limiting the availability of certain models in the coming months and threatening to raise used-car prices as buyers hunt for alternatives.

The shortages of chips, a result of the pandemic, are rippling through the automotive industry, undercutting production at General Motors, Ford, Honda, Toyota and other companies.

The upshot is that the used-car market, in particular, is poised for significant disruption – likely in the form of higher prices.

A similar thing happened in 2020 when automakers were forced to temporarily stop the production of most new vehicles due to COVID-19 lockdowns. That drove more buyers into the used market, increasing prices.

“The used-car market went haywire,” says Ed Kim, vice president of industry analysis for AutoPacific. “I’m expecting to see more of the same thing year, but for

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BanaLogic’s affordable Vehicle Damage Detection Systems with LED lighting and license plate recognition

Designed for dealerships, repair centers, car rental locations, and parking garages to automatically document pre-existing vehicle damage.

BanaLogic, automotive inspection specialists, has released a new vehicle intake and damage detection system called BODYGUARD. Specifically designed for dealerships, repair centers, car rental locations, and parking garages, it captures hundreds of images including license plate data in mere seconds as a vehicle enters and/or exits the designated lane.

Our customers were asking for a solution to document and augment their vehicle intake and return process that did more than just capture images. After much research, we discovered that systems were either lacking in capability or so cost prohibitive that it would be less expensive to simply absorb and write off any claims. For BODYGUARD, we leveraged technology used in our FASTLIGN laser alignment drive through lanes to capture license plate data and trigger bright LED illumination, combined with high resolution cameras strategically

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