Chinese Tesla rival Xpeng Motors in talks over $300 million in funding ahead of U.S. IPO, sources say
July 31, 2020 at 06:41 AM EDT
Xpeng Motors, one of Tesla's rivals in China, is in talks to raise around $300 million in funding ahead of an initial public offering (IPO) in the U.S., two sources familiar with the matter told CNBC.