Tesla, Nio Rival Xpeng Unveils Electric SUV G9, Eyeing Customers 'Worldwide:' What You Need To Know

$XPeng(XPEV.US)$ on Friday revealed an electric SUV G9 at the Guangzhou International Automobile Exhibition.

What Happened: The electric automaker plans to launch the vehicle next year in both China and international markets to take on homegrown rival $NIO Inc(NIO.US)$ , saying and global electric-vehicle segment leader $Tesla(TSLA.US)$

The G9 would be the fourth electric vehicle from Xpeng lineup and feature the automaker’s in-house Xpilot semi-autonomous driving system, lidar technology and $NVIDIA(NVDA.US)$ semiconductor chips.

Why It Matters: Xpeng has delivered over 10,000 electric vehicles for two consecutive months now.

The electric automaker last month revealed the retail prices of its flagship sedan P7 in Norway and priced it higher than in China.

Nio when unveiled the pricing for its sports utility vehicle ES8 in Norway said it is following a global pricing strategy.

Xpeng, Nio and $BYD Company ADR(BYDDY.US)$ are among a host of Chinese electric vehicle makers that are eyeing overseas expansion after successfully establishing their brand on home turf. Norway is being seen as a gateway to Europe for these electric automakers.