XPENG Robotics Raises $900 Million
The robotics branch of XPENG hit a massive valuation of more than $6.3 billion. This is officially the largest single round of private funding for an AI robotics company in China.
IDG Capital led the investment round with help from Gaorong Ventures. Big names like Tencent and Alibaba also joined as strategic partners to support the business.
This money will help the team speed up their research and development. The company plans to use these funds to push their robotics projects forward even faster.
Comments (0)
No comments yet. Be the first!
More AI news
NewsNew AI Tool Fixes Mistakes in Financial Research
Researchers developed a new framework to stop AI from learning from its own bad data in financial trading models.
NewsPerplexity adds local AI to Mac apps
The new update lets your Mac handle some AI tasks directly on your computer.
NewsMeta Releases Muse Image Model on Fal
Meta has launched a new AI model on the Fal platform that plans and edits images on its own.