EV maker Xpeng raises $500 million

Interior of an Xpeng Motors vehicle on display — (BLOOMBERG/Bloomberg)

By:

YILEI SUN and JULIE ZHU

By:

Reuters

July 20, 2020 10:21 AM

BEIJING/HONG KONG -- Chinese electric vehicle manufacturer Xpeng Motors, backed by Alibaba Group Holding Ltd, said Monday it has raised around $500 million in its latest funding round.

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