Benzinga | Nov 12, 2021 07:50AM EST

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

* XPeng Inc (NYSE: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 (NASDAQ:LI) and NIO Inc (NYSE:NIO), both of which have electric SUVs on the market, and Tesla Inc's (NASDAQ:TSLA) Model X.

* Price Action: XPEV shares traded higher by 3.91% at $49.44 in the premarket session on the last check Friday.