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

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.