XPeng gets $77 million investment from Guangdong Provincial government

XPeng Inc., a leading Chinese smart electric vehicle company, announced that its subsidiary in China has reached a strategic cooperation agreement with Guangdong Yuecai Investment Holdings Co., Ltd. (“Yuecai”), the investment arm of the Guangdong provincial government. Pursuant to the agreement, Yuecai will invest a total of RMB500 million ($77 million), through the Guangdong Industrial […]