Robot: Tencent and Alibaba invest in Xpeng robot division
In Germany, Xpeng is primarily known for its electric cars. The robotics division of the Chinese group is now also valued at billions - thanks to new investors.
Xpeng's robotics division has raised over $900 million in its first funding round, valuing the unit at over $6.3 billion. The funding round was led by IDG Capital and supported by Tencent and Alibaba. The funds will be used for hardware and software development, AI model training, and building manufacturing facilities, with plans for global expansion. Xpeng aims to start mass production of its humanoid robot, Xpeng IRON, by the end of the year, with commercial sales and deliveries planned for 2027 in China and abroad.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
