Market Chatter: Xpeng to Receive Local Government Funding in China

MT Newswires Live

05/28

Chinese automaker Xpeng (HKG:9868) was selected to be part of a first batch that will receive funding from a local government investment fund in Guangdong, China, with an initial registered capital of 50 billion yuan, Reuters reported Wednesday.

The fund plans to funnel capital into strategic emerging industries, though it was unclear how much it will invest in Xpeng, which has pivoted towards robotaxis, humanoid robots and flying cars, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XPEV","symbol_name":"小鵬集團","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2638659397","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2638659397","pubTimestamp":1779938573,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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