Chinese EV startup Xpeng Motors raises $400 million, takes on Xiaomi as strategic investor

XPeng Motors, the Chinese electric vehicle startup backed by Alibaba and Foxconn, has raised a fresh injection of $400 million in capital and has taken on Xiaomi as a strategic investor, the company announced. The Series C includes an unidentified group of strategic and institutional investors. XPeng Motors chairman and CEO He Xiaopeng, who also…