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Xpeng Motors Raises Another $300 Million Ahead Of NY Stock Exchange IPO
The EV startup raised an additional $500 million just last month.
According to The South China Morning Post, Xpeng Motors has recently raised an additional $300 million ahead of its New York Stock Exchange initial public offering. The $300 million is on top of the $500 million we reported the startup electric vehicle manufacturer raised last month.
Xpeng has reportedly received the latest round of funds from first-time Xpeng investor Qatar’s sovereign wealth fund, and additional investment from Alibaba Group Holding Ltd, according to people familiar with the matter.