Chinese electric car startup XPENG Motors drives off with about $348 mln

XPENG Motors, a Chinese electric car startup, has raised RMB 2.2 billion (about $348 million) in Series B funding. The lead investors were Alibaba Group, Foxconn and IDG Capital with participation from other investors that included Yunfeng Capital and China International Capital Corporation Limited.

30 January 2018•1 min read
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