Xpeng’s new sport sedan, the P7. Photo: SCMP Handout

Chinese Tesla challenger Xpeng raises US$500 million from Hillhouse, Sequoia and others

  • Hillhouse Capital, Sequoia Capital China, Aspex and Coatue back Xpeng in Series C+ fundraising
  • China’s passenger car sales fell sharply during the first quarter of the year due to the coronavirus pandemic
Topic |   Electric cars
Xpeng’s new sport sedan, the P7. Photo: SCMP Handout
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