Chinese electric car maker Xpeng raises $587m
Primavera Capital Group and Morningside Ventures have led a RMB4 billion ($587 million) Series B-plus funding round for Chinese electric car manufacturer Xpeng Motors, working alongside the company’s chairman and CEO, Xiaopeng He.
Eastern Bell also came into the round as a new investor, while several existing backers – including Hillhouse Capital and Hong Kong entrepreneur Adrian Cheng’s K11 Investment – re-upped, according...
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