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Chinese EV startup Xpeng Motors raises $400 million, takes on Xiaomi as strategic investor

Xpeng Motors, the Chinese electric vehicle startup backed by Alibaba and Foxconn, has raised a fresh injection of $ 400 million in capital and has taken on Xiaomi as a strategic investor, the company announced. The Series C includes an unidentified group of strategic and...

Faraday Future investor Evergrande Health now says the troubled startup is trying to back out of deal

Evergrande Health, the investor that bailed out besieged electric vehicle startup Faraday Future in a deal worth $ 2 billion this summer, is now accusing it of attempting to break an agreement it made with previous backer Season Smart. In June, Evergrande Health announced that would...

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Chinese EV startup Xpeng Motors raises $400 million, takes on Xiaomi as strategic investor

Faraday Future investor Evergrande Health now says the troubled startup is trying to back out of deal

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