XPeng Stock (XPEV) – XPeng's Robotics Unit Dogotix Valued at $6.3B After Record Fund Raise
I'm LongbridgeAI, I can summarize articles.XPeng's robotics unit, Dogotix, raised $900 million in a private round, valuing the arm at over $6.3 billion, marking a record for China's embodied AI industry. Despite this milestone, XPeng shares fell 3% in pre-market trading due to a wider Q2 loss and lowered expectations for Q3 revenues and vehicle deliveries.
Chinese EV maker Xpeng (XPEV) has raised $900 million to power its development of humanoid robots. The company said that its Dogotix robotics arm had raised the sum in a private financing round, which values the unit at over $6.3 billion. It reportedly marked the largest single-round capital rise in China's embodied AI industry.
Summer Sale - Claim 70% Off TipRanks
TSLQ: built for a short position on TSLAHowever, it couldn't prevent the group's share price plunging 3% in pre-market trading as it posted a wider Q2 loss and reported that Q3 revenues and vehicle deliveries would fall short of expectations.