News Snapshot:
Chinese language Tesla challenger Xpeng raises US$500 million from Hillhouse, Sequoia and others 2020-07-20 02:24:46 Chinese language electrical car maker Xpeng Motors has raised round US$500 million to increase on the earth’s largest automobile market.Certainly one of Tesla’s most distinguished Chinese language challengers, Xpeng gained funding from Aspex, Coatue, Hillhouse Capital and Sequoia Capital China, the corporate mentioned on Monday.The fundraising comes after China’s passenger automobile gross sales rebounded not too long ago from a pointy fall within the first quarter of the 12 months due to the coronavirus pandemic.The Guangzhou-based start-up has raced previous a number of… Related
