Automotive, Technology, Consumer Staples Oct 19, 2021 05:07 PM (GMT+8)
Cailian, October 19 (Xinhua) -- today, Xiaopeng Huitian, a Xiaopeng automobile ecological enterprise, announced that it had completed a round of financing of more than $500 million, with a pre investment valuation of more than $1 billion. This round of financing is led by IDG capital, Wuyuan capital and Xiaopeng automobile, followed by well-known institutions such as Sequoia China, Zhongding capital, GGV Jiyuan capital, Hillhouse venture capital and Yunfeng fund. Public information shows that this is the largest single financing obtained by enterprises in the field of low altitude manned aircraft in Asia so far.
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