HONG KONG: Chinese electric vehicle (EV) manufacturer XPeng, backed by Alibaba Group Holding Ltd, said it has raised US$400mil from investors including Xiaomi Corp to fund its growth.
Sources familiar with the matter told Reuters earlier about the fundraising and about Xiaomi being an investor.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!