TechXpeng robotics unit raises US$900 million to challenge Tesla in embodied AI

Chinese EV maker Xpeng says its subsidiary Dogotix has raised US$900 million from investors including Alibaba Group Holding and IDG Capital. The financing values Dogotix at US$6.3 billion and is described as the largest single private-equity deal involving a Chinese robotics maker, despite Xpeng’s widening second-quarter loss.

Xpengembodied AIrobotics fundingAlibaba

SSouth China Morning Post★★★☆☆2026-08-24 13:29Original