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

BEIJING (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.

from Reuters: Technology News http://ift.tt/2DK6nnU