He Xiaopeng, co-founder and chairman of Xiaopeng Motor, unveils the company's first production car at CES trade show in Las Vegas in January. Photo: Handout

Chinese electric car start-up Xpeng raises US$587 million as it gears up to take on Tesla

Topic | Electric cars

Sarah Dai in Beijing

Published: 11:07am, 2 Aug, 2018

Updated: 11:09am, 2 Aug, 2018

He Xiaopeng, co-founder and chairman of Xiaopeng Motor, unveils the company's first production car at CES trade show in Las Vegas in January. Photo: Handout

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Sarah Dai

Sarah Dai, based in Beijing, covers technology and capital flows in the world of start-ups in Greater China. Previously, she worked as financial correspondent for Caixin Media in Hong Kong for over two years and wrote for China Daily in Beijing and London.