Xpeng, a leading electric vehicle (EV) maker, is gearing up to launch dedicated insurance products to encourage the use of smart driving features by its users. According to a report by local media outlet China Star Market, Xpeng will collaborate with insurance companies to introduce customized smart driving insurance products. These products will leverage Xpeng’s advanced technologies and user data to provide comprehensive coverage for smart driving functionalities such as NOA (Navigate on Autopilot) and auto-parking.
The primary focus of these insurance products will be to address issues related to liability definition and safety protection for users utilizing smart driving features. The entitlements of these products may be linked to factors like smart driving mileage and usage time, although specific details have not been disclosed.
He Xiaopeng, Chairman and CEO of Xpeng, recently hinted at significant advancements in smart driving technology in the coming months. Xpeng is set to pioneer L3 full-scenario autonomous driving later this year, promising users an unparalleled smart driving experience. Mr. He likened this milestone to the transformative impact of the iPhone 4, indicating a significant leap forward in autonomous driving capabilities.
The introduction of L3 autonomous driving by Xpeng signifies a shift towards increased autonomy and responsibility in the event of potential accidents. By offering dedicated insurance products, Xpeng aims to demonstrate confidence in its smart driving capabilities and enhance user trust. This proactive approach mirrors a similar initiative by Baidu-backed Jiyue, which launched insurance products last year to cover potential accidents involving pilot-assisted driving features.
In conclusion, Xpeng’s foray into customized smart driving insurance products underscores its commitment to innovation and safety within the EV industry. By leveraging cutting-edge technologies and user data, Xpeng aims to redefine the standards of smart driving and enhance the overall driving experience for its customers. Stay tuned for more updates on Xpeng’s advancements in autonomous driving technology and insurance offerings.
