Xpeng Motors newest electric automobile is known as the P7.Xpeng MotorsXpeng Motors, among Tesla’s competitions currently in China, is in discussions to raise approximately $300 million in financing before an initial public offering (IPO) at the U.S., two sources knowledgeable about the issue told CNBC.Qatar’s autonomous wealth finance, the Qatar Investment Authority, is among those shareholders in the financing round, the sources stated. The final sum raised could be greater than $300 million since a range of investors continue to be in talks to place money into Xpeng, the resources, who desired to stay anonymous since the talks are confidential, added.Xpeng Motors declined to comment. The Qatar Investment Authority wasn’t immediately available for comment when contacted by CNBC.The electrical carmaker’s newest cash injection a part of the same $500 million round of funds it increased before this month from shareholders such as Aspex, Coatue, Hillhouse Capital and Sequoia Capital China. Plus it follows a $400 million investment in November from shareholders that included Oriental smartphone manufacturer Xiaomi. Xpeng Motors has also confidentially filed for an IPO in the U.S., but hasn’t determined which exchange to record on however, the sources told CNBC. The prospective listing from the U.S. comes amid increasing tensions between America and China that could affect foreign companies listed on Wall Street. In May, the U.S. Senate passed legislation which could increase evaluation on Chinese companies trading on American exchanges that conveys the danger of delistings for many overseas companies. China has spawned lots of electric auto companies due to positive policies for the industry including subsidies. Though some have dropped, others like Xpeng, are seeking to push ahead and develop. This month, the automobile startup started deliveries of its P7 sedan — that is regarded as a competitor to Tesla’s Model 3. In January, Tesla started rolling out Model 3 automobiles produced in its Shanghai factory to clients in China. China’s electric car sector was hurt from the coronavirus outbreak. Revenue of so-called fresh energy vehicles dropped 33.1% year-on-year in June, based on data in the China Association of Automobile Manufacturers. However, sales have been climbing month-on-month since the Chinese market shows signs of rebounding. Before this season, the Chinese authorities unveiled policies it expected will increase demand for electrical automobiles. Some new energy automobile subsidies and taxation break policies which was set to expire this season were prolonged to 2022. And nationally charging infrastructure obtained a 2.7 billion yuan ($387 million) investment.If Xpeng does go people from the U.S., it is going to join fellow Chinese electrical carmaker NIO, which recorded in September 2018. And on Thursday, Li Auto, yet another Chinese electrical automaker began trading on the Nasdaq, raising $1.1 billion.