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Xpeng Motor announces US$400 million capital funding before its IPO in the USA

It has been reported that Xpeng Motor planed to financial $300 million before,but with the negotiating participation of another investor, the capital amount has reached $400 now, which is the additional fund to its $500 million raised last month. Except for Alibaba and QIA sovereign wealth funds,Mubadala, Abu Dhabi sovereign wealth funds, also joined this $400 capital funding series. Mubadala had no immediate comments on this event. As the insiders suggested, the series had almost been close to accomplishing.

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Jack Chan

Editor in chief of FirmKnow News.
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