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Electric Vehicle Manufacturer XPENG Motors kicks off RMB 2.2 Billion of Series B Capital Funding with Alibaba, Foxconn and IDG Capital, as Joint-Major Investors

Jan 30, 2018 - PR Newswire

XPENG Motors on Monday announced at a Hong Kong press conference the kick-off of its Series B capital funding of  RMB 2.2 billion, with Alibaba Group, Foxconn and IDG Capital as three  major investors. That will bring the total raised by XPENG Motors in capital market to over RMB 5 billion, marking a milestone in efficient, integrated funding for a company in the automobile sector.

This Series B capital funding brings together global giants in finance, equity capital, technology and man...