XPeng Inc. (NYSE:XPEV) stock is trading lower on Monday as the company disclosed the official rollout of its first mass-produced Robotaxi, which is a significant step in its autonomous vehicle strategy.

This news comes during a mixed market day, with major indices like the Nasdaq down by 0.72%, indicating broader market pressures that may be influencing the stock’s performance.

• XPeng stock is testing key support levels. Why is XPEV stock at lows?

XPeng Robotaxi Rollout

XPeng’s newly unveiled Robotaxi, built on the XPENG GX platform, is China’s first production-ready model developed entirely with in-house technologies.

The company plans to initiate pilot operations in the second half of this year, aiming for fully autonomous operations by early 2027.

April Deliveries 

Recently, the company reported April deliveries of 31,011 vehicles, up 13% month over month but down 11.5% year over year.

The company said customer engagement improved following the rollout of its Vision-Language-Action (VLA) 2.0 system in March, with test-drive satisfaction rising by the end of April.

The average time to make purchase decisions after test drives declined 44.7% month over month, underscoring intelligent driving as a key sales driver.

Future Mobility Push

Beyond vehicles, XPeng is advancing new ...