RoboticsCnEVPostabout 2 hours ago
Xpeng carves out robotics business at $5 billion valuation
1 min read
Xpeng is carving out its robotics business into Dogotix, securing $900 million in funding commitments at a $5 billion pre-money valuation. External investors include IDG Capital, Alibaba, Tencent, and Gaorong Ventures. Xpeng will retain about 81.97% ownership, keeping Dogotix as a controlled subsidiary.
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