Hyperdrive
Alibaba Boosts Investment in EV Maker Xpeng Before New York IPO
- Electric-car startup getting $300 million from Alibaba, Qatar
- Investor interest in EV makers rising after Tesla, NIO gains
Xpeng P7
Source: Xpeng Motors
This article is for subscribers only.
Sign up for Next China, a weekly email on where the nation stands now and where it's going next.
Chinese electric-car startup Xpeng Motors is raising more funds from Alibaba Group Holding Ltd. and other investors ahead of its planned initial public offering in New York, according to people familiar with the matter.