XPENG has just announced that it will be unveiling a new smart electric vehicle model later this month. The company is gearing up for a new EV launch that will be announced in China. The Chinese electric vehicle maker will be revealing the new model at the 19th Guangzhou International Automobile Exhibition (also known as Auto Guangzhou) in its home market. As of right now, finer details regarding this upcoming electric vehicle is unknown, but the company did share an image that teases the design of the new car. Looking at its silhouette, the EV model appears to be a smart EV in the SUV category.
Unfortunately, its exact specifications
are unknown but we can expect the model to rival the Tesla Model X series in
the Chinese market, which is also an SUV. For those unaware, XPENG has been
compared to Tesla in the past. And now, it seems that the company is expanding
its SUV lineup with another model in the works. Notably, since the announcement
of the upcoming SUV, the Chinese carmaker’s shares have also risen by 10
percent (Via CNBC).
Being an SUV, it is expected to be the
successor to its current SUV model the G3 and G3i. Apart from Tesla, the
company will also compete with other EV start ups as well, including Lu Auto
and Nio. Both of these firms also offer electric SUVs in the Chinese market. So
stay tuned for more updates.
