EV maker Xpeng set to challenge Tesla in embodied AI after robotics unit raises US$900m
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Relevance
9/25
Freshness
25/25
Authority
18/20
Brand Signal
14/15
Depth
7/15
5-Axis Cultural Radar
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 f
