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Browsing the "IDG Capital" Tag

Xpeng Motors Gets Into Ride Hailing To Bypass The Competition

May 17th, 2019 | by Nicolas Zart

Xpeng Motors is moving a step forward after announcing a stellar 2019 start by launching a pilot ride-hailing service, Pengster. Will it beef up competition or simply move mobility a nudge up? We'll know eventually. In the meantime, Xpeng Motors is about to roll out ride hailing in the world's biggest mobility market


Alibaba & Foxconn Leading $347 Million EV Startup Funding Round

January 30th, 2018 | by James Ayre

In yet another example of the way that the electric vehicle market in China seems to be exploding in a way that others aren't, Alibaba and Foxconn have led the recent, 2.2 billion yuan (~$347 million) funding round for the startup manufacturer Xiaopeng Motors



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