Xpeng, backed by ecommerce group alibaba, rose as much as 67 per cent higher on the new york stock exchange on thursday before trimming some of those gains to close at $22 per share.
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Xpeng is not alone in aiming high. Xpeng, backed by ecommerce group alibaba, rose as much as 67 per cent higher on the new york stock exchange on thursday before trimming some of those gains to close at $22 per share. Shares in china electric vehicle maker xpeng, whose investors include internet heavyweight alibaba group and.
Xpeng, backed by ecommerce group alibaba, rose as much as 67 per cent higher on the new york stock exchange on thursday before trimming some of those gains to close at $22 per share.
Xpeng intends on making the most of booming demand for electric vehicles throughout china. The automaker has confirmed that it will work with alibaba in developing maps and cloud products for its. Alibaba group backed xpeng in a $314.8 million series b+ round in 2018. Four of xpeng inc's existing shareholders, alibaba, coatue, qatar investment authority and xiaomi, and/or their affiliates, have indicated interest in purchasing up to us$200 million, us$100 million, us.
