Chinese electric vehicle startup XPENG Motors officially announces the completion of its Series B+ round of 4 billion yuan today, with Primavera Capital Group, Morningside Venture Capital, as well as Chairman and CEO of XPENG Motors He Xiaopeng himself jointly leading the investment.
He Xiaopeng, chairman of the Chinese electric vehicle startup Xpeng Motors, welcomed a visit from top Chinese tech leaders to the auto maker’s new headquarters in Guangzhou on July 18.
XPENG has finished its A+ round financing and plans to announce B round financing in early 2018, XPENG Motors Chairman He Xiaopeng said in a Weibo post on December 15. Investment in this round of financing came from Xiaomi, Foxconn and IDG.
This morning, XPENG chairman He Xiaopeng drove the first XPENG car with a Beijing license place onto the streets near the National Convention Center.