Xpeng's Robotics Division Raises Over $900 Million – Record Round for China's Embodied AI!

Xpeng's robotics subsidiary raises over $900 million in a single round and is valued at over $6.3 billion. This is the largest single funding round the embodied AI sector in China has ever seen – with participation from Alibaba and Tencent. Record round for the robotics subsidiary Xpeng's robotics division has secured purchase agreements with several investors, raising by over $900 million at a valuation of more than $6.3 billion – according to the company, the largest private single funding round in China's embodied AI sector to date....