Latest funding puts the total investment in Xiaopeng at 5 billion yuan. : Tokyo, Beijing: Chinese e-commerce giant Alibaba Group Holding Ltd. and Foxconn Technology Group led a new fund-raising round by electric carmaker Xiaopeng Motors, investing 2.2 billion yuan (Dh1.2 billion or $350 million) in the start-up as a push toward battery-powered vehicles intensifies.The latest funding puts the total investment in Xiaopeng at 5 billion yuan, according to a statement sent by the carmaker. Other investors also include IDG Capital, the company said.Xiaopeng is among the start-ups striving to become China’s Tesla Inc. and upend the existing auto sector.