Xpeng G3

Chinese electric car startup Xpeng only revealed its G3 SUV to the world at last month's 2018 Consumer Electronics Show in Las Vegas, but the vehicle, a potential rival to the Tesla Model X, has been testing in prototype form since 2016. That's why Xpeng is confident of getting the G3 into showrooms, in China only initially, as early as this year. Xpeng on Monday took another major step toward production of the G3 and other planned models with the announcement of funding of $350 million from multiple investors including e-commerce giant Alibaba and tech goods manufacturer Foxconn, the same...