Chinese EV maker Xpeng Motors announced the signing of its Series C+ financing of roughly $500 million with a group of investors including Aspex, Coatue, Hillhouse Capital, and Sequoia Capital China.

Xpeng Motors says it has reached several milestones in 2020 to date, despite the impacts of Covid-19, including launching its second smart EV model, the P7 sports sedan, in April 2020, and securing the production license for its self-built fully-owned factory in Zhaoqing, Guangdong Province in May 2020.

The company announced its Series C funding round of $400 million in November 2019. 

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