ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Electric cars in China

Tesla's China challenger Xpeng raises $400m with Xiaomi backing

Smartphone maker and EV startup to co-develop smart mobility ecosystem

Guangzhou-based Xpeng Motors is working with smartphone maker Xiaomi to build a smart mobility system. (Photo courtesy of Xpeng Motors)
ALEX FANG, Nikkei staff writer | China

NEW YORK -- China's Xpeng Motors announced it has raised $400 million from investors including smartphone heavyweight Xiaomi as the electric vehicle startup looks to integrate more smart technology into its vehicles.

The Alibaba Group Holding-backed startup said it will work more closely with Xiaomi to build a smart mobility ecosystem.

Read Next

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more

By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our Cookie Policy to learn how you can update your cookie settings.

Accept & Continue Close