It is hard to say how fast China-made electric cars run, but it is clear their makers are hitting top gear when it comes to powering up with fresh capital and talent.
Well-known Chinese electric car startup XPeng Motors said on Thursday it has closed its Rmb4 billion $587 million series B round funding, bringing the four-year-old firm’s value to Rmb25 billion.
The group said the funding round represented the largest single fundraising by a Chinese electric vehicle startup in the year so far. This round was co-led by Primavera Capital Group, Morningside Venture Capital and the carmaker’s chairman and CEO He Xiaopeng, the firm said on...
¬ Haymarket Media Limited. All rights reserved.
