XPeng To Reveal Latest Electric SUV, Firing Up Competition With Tesla, Nio, Li

XPeng Inc XPEV will showcase its new smart EV model at the 19th Guangzhou International Automobile Exhibition on November 19.
The new sports utility vehicle will likely be the successor to Xpeng's current SUV, the G3 and G3i, CNBC reports.
Xpeng's cumulative deliveries exceeded 100,000 as of the end of October.
Xpeng faces competition from rival start-ups Li Auto Inc LI and NIO Inc NIO, both of which have electric SUVs on the market, and Tesla Inc's TSLA Model X.
Price Action: XPEV shares traded higher by 3.91% at $49.44 in the premarket session on the last check Friday.