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

Chinese electric vehicle (EV) manufacturer XPeng, backed by Alibaba Group Holding Ltd, said on Wednesday it has raised $400 million from investors including Xiaomi Corp to fund its growth.