Chinese Electric Vehicle Start-Up Eyes To Net $600M Fresh Funds Amid Subsidy Cuts

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Xpeng Motors, a Chinese electric vehicle (EV) start-up backed by Alibaba Group, is seeking to complete a new funding round at a "comparable amount" to the previous round that was about US$600 million, the company’s president Brain Gu Hongdi told American business news media CNBC.

China Money Network

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