The Electric Car, or MPG "what me worry?" Message Board

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Technology Stocks : The Electric Car, or MPG "what me worry?"

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From: kidl	7/20/2020 3:36:12 PM
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Xpeng Motors raises more money for EV push Jul. 20, 2020 9:59 AM ET\|About: Alibaba Group Holding Lim... (BABA)\|By: Clark Schultz, SA News Editor Chinese electric vehicle manufacturer Xpeng Motors says it raised around $500M in its latest funding round. Investors in the C+ funding round include Aspex, Coatue, Hillhouse and Sequoia Capital China. Alibaba (NYSE: BABA) is an early investor. Xpeng Motors has reached several milestones this year, including launching its second Smart EV model and securing the production license for its self-built fully-owned factory in Zhaoqing, Guangdong Province. Xpeng will compete with Nio (NYSE: NIO), Tesla (NASDAQ: TSLA) and Li Auto ( LI) in China to name just a few of the EV players.

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