Aug. 24 at 11:06 AM
$XPEV $TCEHY $BABA
XPeng robotics business raises over
$900M at valuation of over
$6.3B
XPeng (XPEV) announced that its robotics business has entered into share purchase agreements with multiple investors, raising over
$900M at a post-money valuation of over
$6.3B, which marks the largest single-round private capital raise in China's embodied AI industry to date. This round was initiated by global investors, led by IDG Capital, with participation from Gaorong Ventures and support from Tencent (TCEHY) and Alibaba (BABA) as strategic investors.