China's Xpeng gets $600m boost from city government

EV startup lays foundation for a second factory to accelerate production

NIKKI SUN, Nikkei staff writer

HONG KONG -- Xpeng Motors has raised 4 billion yuan ($600 million) from the city government of Guangzhou and laid the foundations for the Chinese electric vehicle startup's second factory in three years.

Sponsored Content

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