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.
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)
Read Next
Latest on Electric cars in China
