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KM Financial Solutions | Alibaba, Foxconn lead $350 million funding in electric car startup
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Alibaba, Foxconn lead $350 million funding in electric car startup

28 Jan Alibaba, Foxconn lead $350 million funding in electric car startup

Posted at 08:50h in News by
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BEIJING, Jan 29 (Reuters) – Alibaba Group Holding Ltd
and Foxconn Technology Co Ltd have led a 2.2
billion yuan ($347.74 million) funding round in Chinese electric
car maker Xiaopeng Motors as competition escalates in the new
energy vehicle (NEV) market.

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