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July 20, 2020 05:10 am GMT

Chinas EV startup Xpeng pulls in $500 million Series C

Xpeng, an electric vehicle startup run by former Alibaba executive He Xiaopeng, said Monday it has raised around $500 million in a Series C+ round to further develop models tailored to China’s tech-savvy middle-class consumers. The announcement followed its Series C round of $400 million closed last November. A source told TechCrunch that the company’s […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/OFPLgZAFHHI/

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TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

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