Xpeng Robotics Unit Raises Over $900 Million in Funding
Xpeng's robotics unit has successfully raised over $900 million in a record funding round, valuing the unit at more than $6.3 billion. This significant investment positions Xpeng to challenge Tesla in the embodied AI sector.
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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
Read full article →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
Read full article →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
Read full article →Xpeng's robotics unit valued at over $6.3 billion after record funding round
Read full article →XPENG robotics unit raises over $900M at $6.3B valuation in record AI round
Read full article →XPeng robotics unit raises over $900 million in funding round
By Investing.com
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