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

South China Morning Post - Business · 2026年8月24日 21:29

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...

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