Xpeng's robotics unit valued at over $6.3 billion after record funding round - Reuters

Xpeng's robotics unit valued at over $6.3 billion after record funding round  Reuters

Xpeng Robot Unit to Raise $900 Million From Likes of Alibaba

Xpeng Inc.’s robot unit plans to raise $900 million from investors including Alibaba Group Holding Ltd. and Tencent Holdings Ltd., bolstering the automaker’s push into humanoid robots.

By Bloomberg News

EV maker Xpeng set to challenge Tesla in embodied AI after robotics unit raises US$900m

Chinese electric vehicle (EV) maker Xpeng has secured US$900 billion in funding from high-profile investors including Alibaba Group Holding and IDG Capital to spur its robotics unit, despite a widening second-quarter loss. Dogotix, a subsidiary of Xpeng, raised US$900 million in the latest round of financing, which valued it at US$6.3 billion, Xpeng said in a statement on Monday, adding that the fundraising marked the biggest single private-equity deal involving a Chinese robotics maker. The...

By Daniel Ren

Xpeng's robotics unit valued at over $6.3 billion after record funding round

XPENG robotics unit raises over $900M at $6.3B valuation in record AI round

XPeng robotics unit raises over $900 million in funding round

By Investing.com