EV Startup Xpeng Gets CN¥4 Billion in Series B+
Guangzhou-based Xiaopeng Motors (Xpeng) announced today that it had scored CN¥4 billion (US$585 million) in its Series B+ funding round. This is the largest 2018 single-round funding total among Chinese Electric Vehicle startups (NIO, Byton, WM Motor, etc.), and pushes Xpeng’s valuation to CN¥25 billion (US$3.66 billion).