Xpeng unveiled a new electric vehicle today, Friday, as competition in China’s electric vehicle market continues to intensify.
The G9 is Xpeng’s fourth production model. The company plans to launch the car in China in the third quarter of 2022, a person familiar with the matter told CNBC. The company also said the car is designed for international markets. Xpeng began shipping the P7 sedan to Norway this year, its first overseas market.
“The G9 is our first model designed and developed from the ground up for both the international and domestic markets, bringing our most sophisticated designs closer to our customers around the world,” said Xpeng co-founder Henry Xia .
The G9 is the fourth car in the Xpeng range, after the G3 SUV, the P7 and P5 sedan. It is Xpeng’s second SUV to add another electric vehicle to this competitive segment of the market.
Xpeng’s G9 will compete with models from other automakers such as Tesla’s Model Y, Nio’s ES6 and Li Auto’s Li One.
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Source From: Capital
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