Reading Time: < 1 minute

Dubbed ‘China’s Tesla,’ Xpeng Motors has continued its upward trajectory with the latest funding round of $500 million. 

Just like Tesla and Nio, the Alibaba-backed electric vehicle manufacturer has capitalised on the rapidly-developing zero-emission market, following the success of its G3 SUV and P7 sedans, both with autonomous driving software on-board. 

Xpeng Motors will use this latest funding round to develop its in-house vehicle technology and expand showrooms across China. 

Back in November, Xpeng raised $400 million, which valued the company at approximately $4 billion. 

Leave a Comment