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

Xpeng, an electric vehicle startup run by a former Alibaba executive, 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 valuation […]...