Xpeng says its robotics business raised over $900 million in first funding round
24/08/2026 10:24
Xpeng says its robotics business raised over $900 million in first funding round BEIJING, Aug 24 (Reuters) - China's Xpeng said on Monday its robotics business raised over $900 million in its first funding round, led by IDG and Gaorong Ventures and with Tencent 0700.HK and Alibaba 9988.HK as strategic investors.
Xpeng's robotics business's valuation would exceed $6.3 billion after the funding round, the company said in a statement.
(Reporting by Xiuhao Chen, Yukun Zhang and Ryan Woo; Editing by Susan Fenton)
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