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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.

Jack Chan

Pre Editor in chief of FirmKnow News.

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