(Yicai Global) July 20 -- Guangzhou Xiaopeng Motors Technology finished its nearly USD500 million C+ round financing, the Chinese electric carmaker said today.

The major investors are Aspex Management HK, Coatue Management, Hillhouse Capital Group and Sequoia Capital China.

Xiaopeng provided no further details.

Founded in 2014, the company produces internet-enabled e-cars for young consumers.

Editor: Ben Armour