Electric vehicle developer Xiaopeng Motors intends to raise $2.7bn this year, having already secured $348m from investors including Alibaba and Foxconn in January.
Xiaopeng Motors, a China-based smart electric vehicle developer backed by e-commerce firm Alibaba and contract manufacturer Foxconn, is planning to raise RMB17bn ($2.7bn) in funding this year, China Money Network reported today.
Founded in 2014, Xiaopeng has created an electric sports car dubbed G3 that was unveiled at the Consumer Electronics Show in January this year ahead of a planned commercial release in China later this year.
The G3 boasts a total of 25 sensors, a panoramic roof camera and…
