- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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