Chinese electric carmaker and Tesla’s rival Xpeng Motors has got a new round of investment from the government of the southern Chinese province whose name it carries – Guangdong. The automaker said it had reached a “strategic cooperation agreement” with the Guangdong provincial government for an RMB 500 million investment in its China subsidiary. The 500 million … Continue reading Tesla Rival Xpeng Motors Receives $76 Million Funding from Chinese Government