(CNBC) Shares of Chinese electric maker Xpeng rose more than 10% in Hong Kong on Friday after the company teased a new sports utility vehicle.
The utility vehicle, set to launch on November 19 at the Guangzhou auto show, is viewed as the successor to the current G3 and G3i.
Xpeng’s launch comes after its deliveries in October reached 10,138 cars, with G3 and G3i SUV comprising a record 3,657 units.
Xpeng already sells two sedans, the flagship P7 and P5, with the new car expected to add to the growing array of EVs in China from rivals such as Nio and Li Auto.
9868: HKG is up +10.88%.
