China electric car maker Xpeng raises $348m
Xpeng Motors, a Chinese electric car manufacturer, has completed a RMB2.2 billion ($348 million) Series B round of funding led by Alibaba Group, Foxconn Technology Group, and IDG Capital.
Yunfeng Capital, Apoletto – an investment vehicle backed by DST Global founder Yuri Milner – and China International Capital Corporation also came into the round, in conjunction with GGV Capital, Morningside...
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