https://www.reuters.com/article/us-xpeng-fundraising/alibaba-backed-ev-startup-xpeng-raises-nearly-400-million-for-growth-sources-idUSKBN1XM23S

Chinese electric vehicle (EV) manufacturer XPeng, backed by Alibaba Group Holding Ltd, has raised nearly $400 million from investors including Xiaomi Corp to fund its growth, said two people with knowledge of the matter.