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China’s EV startup Xpeng pulls in $500 million Series C+

Mimi Sabreena 1:29:00 PM Business

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Xpeng, an electric vehicle startup run by former Alibaba executive He Xiaopeng, said Monday it has raised around $500 million in a Series C+ round to further develop models tailored to China’s tech-savvy middle-class consumers. The announcement followed its Series C round of $400 million closed last November. A source told TechCrunch that the company’s …

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