July 31 - 16:07
EV maker Xpeng raises additional $300 million - report
Chinese EV maker Xpeng is reportedly set to raise an additional $300 million in funding. Earlier this month, the firm scooped $500 million from a high-profile set of investors. Now CNBC is reporting that they will receive the extra cash, with the Qatar Investment Authority set to provide funding. Xpeng, also backed by Alibaba, is seen as one Tesla's main rivals in China.
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