Xpeng brings in Xiaomi as strategic investor in $400 million Series C

Xpeng Motors showcased P7, its first four-door coupe model with Level 3-ready autonomous driving capabilities at Alibaba Cloud's APSARA Computing Conference in Hangzhou in September, 2019. (Image credit: Xpeng Motors)

Xpeng’s hefty haul comes against a macro-industrial backdrop of falling sales after subsidies for electric vehicles were cut.

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