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Announced

Completed

Aspex, Coatue, Hillhouse Capital, Alibaba and Sequoia Capital led a $500m Series C+ round for Xpeng Motors.

Financials

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Transaction Value£397m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Automobiles

Private Equity

smart vehicle

Friendly

Venture Capital

China

Acquisition

Completed

Private

Single Bidder

Minority

Cross Border

Synopsis

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Investment companies Aspex, Coatue, Hillhouse Capital, Alibaba and Sequoia Capital led a $500m Series C+ round for Xpeng Motors, a smart electric vehicle company in China. The Series C+ financing further enhances the company’s commitment to serving the large and growing base of technology-savvy middle-class consumers in China by providing Smart EV experiences empowered by advanced technology.

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