HONG KONG -- Xpeng Motors, one of China's most high-profile electric vehicle startups, has secured $500 million in its latest funding round, giving it further firepower as rivals join an intensifying hunt for capital to ensure their survival.
China tech
Xpeng raises $500m as Chinese EV makers step up capital hunt
Funding boosts firepower as front-runner in crowded field ramps up output
Xpeng's P7 sedan at the Guangzhou auto show last November. It is the electric vehicle maker's second production model. © Reuters
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