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. "Last year, we raised in a B plus round, raised […]

Chinese Electric Vehicle Start-Up Eyes To Net $600M Fresh Funds Amid Subsidy Cuts comes originally from China Money Network. All Rights Reserved.