News Snapshot:
Aditya Raghunath {{following ? "Following" : "Follow"}} September 28, 2020 4:10am 221 Comments Share: Chinese electric automaker Xpeng Inc (NYSE: XPEV ) announced Sunday it has received a $587 million funding commitment from a local government entity to set up a new manufacturing facility in Guangzhou. What Happened: The investment will be made through Guangzhou GET Investment Holdings Company. Xpeng said the new plant could start production by December 2022. “With the strong support from the Guangzhou government, we are confident we will execute on our strategic growth initiatives and deliver the highest quality products and services to meet our...
