TechCrunch · Startups
Xpeng's robotics unit raised more than $900 million at a post-money valuation
Xpeng's robotics unit raised more than $900 million at a post-money valuation. Other Chinese automakers, including Changan, GAC, Li Auto, SAIC, and Seres, are also developing humanoid robots. Xpeng is the Chinese automaker that most closely watches and follows Tesla’s initiatives, says Michael Dunne, CEO of San Diego- and Singapore-based advisory firm Dunne Insights. Technical progress has encouraged a new batch of companies to jump in on the promise of profits from humanoid robots. And they're all Chinese automakers.
Why it matters. Why it matters: Xpeng's robotics unit raised more than $900 million at a post-money valuation of $6.3 billion.
- Xpeng's robotics unit raised more than $900 million at a post-money valuation of $6.3 billion.
- Other Chinese automakers, including Changan, GAC, Li Auto, SAIC, and Seres, are also developing humanoid robots.
- Xpeng is the Chinese automaker that most closely watches and follows Tesla’s initiatives, says Michael Dunne, CEO of San Diego- and Singapore-based advisory firm Dunne Insights.
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