Xpeng (XPEV) Unveils its New Electric SUV at Guangzhou Auto Show

Xpeng Motors (NYSE: XPEV) unveiled its fourth EV Friday at the Guangzhou International Automobile Exhibition in China. The electric SUV, dubbed the “G9”, is the company’s 4th production model. A person familiar with the matter told reporters that Xpeng plans to launch the car in China in the third quarter of 2022. However, the company said that the G9 is also designed for international markets.

“G9 is our first model to be conceived and developed from the ground up for both the international and Chinese markets, bringing our most sophisticated designs to our customers worldwide,” Xpeng Co-Founder Henry Xia said in a press release.

The G9 will be Xpeng’s first model equipped with Xpilot 4.0, the company’s advanced driver-assistance system, or ADAS, which is scheduled to rollout in first half of 2023.

Positioned as a rival to Tesla’s Autopilot, Xpilot allows the car to carry out semi-autonomous features such as lane switching. The G9 will also feature Light Detection and Ranging technology, or Lidar. A key technology for autonomous vehicles to understand their environment.

The company has not released pricing or range details yet.

By Michael Elkins | [email protected]

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