Investors include Aspex, Coatue, Hillhouse Capital and Sequoia Capital China
Xpeng Motors Announces ~US$500mn Series C+ Financing.
⚡️Evolving intelligence through in-house R&D⚡️#ElectricVehicles #ElectricCar #EV #Xpeng #fundraising pic.twitter.com/lQuUxtRrjL— XPENG (@XPengMotors) July 20, 2020
Here’s a quick look at #Xpeng’s smart in-car operating system Xmart. #EV #ElectricCars #Smartcar pic.twitter.com/nTZB3ezp3i
— XPENG (@XPengMotors) July 22, 2020
The signing of the Series C+ financing demonstrates investors’ confidence in the Company’s strategy, market positioning and its long-term vision as a leading Smart EV player in China.
The Series C+ financing further enhances the Company’s commitment to serving the large and growing base of technology-savvy middle-class consumers in China by providing Smart EV experiences empowered by advanced technology.
Xpeng Motors has reached several milestones in 2020 to date, despite the impacts of Covid-19, including launching its second Smart EV model, the P7 sports sedan – in April 2020, and securing the production license for its self-built fully-owned factory in Zhaoqing, Guangdong Province in May 2020.
The Company announced its Series C funding round of US$400 million in November 2019.
Image courtesy Xpeng
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