Xiaopeng Motors, a Chinese electric car startup who built a ‘Tesla clone’, is reportedly working on a massive financing round that would raise 17 billion yuan ($2.7 billion USD) in funds by the end of the year. expand full story

Xiaopeng Motors, a Chinese electric car startup who built a ‘Tesla clone’, announced that it secured an important 2.2 billion yuan ($348 million) investment round led by two Chinese tech giants: Alibaba and Foxconn. expand full story