Chinese electric vehicle start-up Xpeng Motors has raised US$400m from investors for New Product Development (NPD) and is planning to bring to market a number of new models in its pipeline. Among Xpeng’s investors are smartphone maker Xiaomi, Alibaba and Foxconn Technology Group. Wang Tong has joined Xpeng Motors as Vice President, responsible for enhancing the company’s Beijing and Shanghai operations. He joins from Alibaba’s Culture and Entertainment Business Group, where he was VP responsible for public affairs and information security development. Before Alibaba, he was Senior VP for UC Web, responsible for its human resource management, branding, government affairs… Read more »
November 13 , 2019 XPENG Motors announces US$400 million Series C capital funding Xpeng Motors today announced the signing of its Series C capital funding of US$400 million from a group of strategic and institutional investors, bringing together an unparalleled combination of corporate and individual investors, as well as renowned private equity firms. The company announced that Xiaomi Corporation, a global leader in the technology and consumer electronics sector, will join as a strategy investor. Xpeng Motors achieved numerous milestones this year. The company premiered its 2nd production model, the P7 sedan in April, rolled out the 10,000th unit of… Read more »
Chinese electric vehicle start-up Xpeng Motors has raised US$400m from investors for New Product Development (NPD) and is planning to bring to market a number of new models in its pipeline. Among Xpeng’s investors are smartphone maker Xiaomi, Alibaba and Foxconn Technology Group. Wang Tong has joined Xpeng Motors as Vice President, responsible for enhancing the company’s Beijing and Shanghai operations. He joins from Alibaba’s Culture and Entertainment Business Group, where he was VP responsible for public affairs and information security development. Before Alibaba, he was Senior VP for UC Web, responsible for its human resource management, branding, government affairs… Read more »
November 13 , 2019 XPENG Motors announces US$400 million Series C capital funding Xpeng Motors today announced the signing of its Series C capital funding of US$400 million from a group of strategic and institutional investors, bringing together an unparalleled combination of corporate and individual investors, as well as renowned private equity firms. The company announced that Xiaomi Corporation, a global leader in the technology and consumer electronics sector, will join as a strategy investor. Xpeng Motors achieved numerous milestones this year. The company premiered its 2nd production model, the P7 sedan in April, rolled out the 10,000th unit of… Read more »