Xpeng Motors has received 500 million yuan funding from Guangdong Yuecai Investment Holdings Co., the Chinese province's investment arm.
Since its $1.5 billion U.S. initial public offering in August, Xpeng has continued to raise money to fuel its growth, ramp up production and battle against domestic rivals as well as Tesla The 500 million yuan funding from Guangdong Yuecai Investment Holdings Co., the province's investment arm, will be used to "accelerate the company's business expansion," Xpeng said in a statement.
looks just like a tesla. where was it made?
What's wrong government to invest in green technologies? China promised in Paris to reduce the carbon emissions.
Probably stole tech from Tesla.
Or in other words the Chinese government vs the US green tech sector
Thummala rajesham PayPal please poor healp
THATS THE ONLYWAY
Not Tesla rival. All EV makers are taking market share from the classic car market. 👍
Of course they do hello - it’s China 🇨🇳
The Chinese gov. Love the stonk 😅