Similar Stories to Chinese Ev Startup Xpeng Motors Raises $400 Million, Takes On Xiaomi As Strategic Investor on Bing News

Kirsten Korosec, TechCrunch
Tue, 11/12/2019 - 6:00pm

Xpeng Motors, the Chinese electric vehicle startup backed by Alibaba and Foxconn, has raised a fresh injection of $400 million in capital and has taken on Xiaomi as a strategic investor, the company announced. The Series C includes an unidentified group of strategic and institutional investors. XPeng Motors Chairman and CEO He Xiaopeng, who also participated in the Series C, said the received strong support from many of its current shareholders.

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BING NEWS:
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