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

South China Morning Post

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 million 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...

D

By Daniel Ren

24 August 2026|1 min read|South China Morning Post
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Technology & Digital Transformation
EV maker Xpeng set to challenge Tesla in embodied AI after robotics unit raises US$900m
EV maker Xpeng set to challenge Tesla in embodied AI after robotics unit raises US$900m
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