GUANGZHOU, China — Xpeng unveiled a new electric sports utility vehicle Friday as competition in China’s new energy 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 person asked not be identified because the matter is confidential.
But the company also said the car is designed for international markets. Xpeng began shipping its flagship P7 sedan to Norway this year, its first overseas market.
“G9 is our first model to be conceived and developed from the ground up for both the international and Chinese markets, bringing our most…