XPeng shares fell more than 9% in Hong Kong after the Chinese electric-vehicle maker issued a weaker-than-expected third-quarter delivery forecast, even as its robotics business secured a post-transaction valuation above $6.3 billion. XPeng guided for 115,000 to 121,000 vehicle deliveries in the third quarter, a range Citi said missed investor expectations largely because supply-chain constraints disrupted the MONA L03 ramp-up. U.S.-listed shares closed 8.5% lower on Monday. Second-quarter net loss widened to 1.34 billion yuan ($0.20 billion), while revenue rose 8% to 19.74 billion yuan. Separately, the robotics unit, XPeng’s Dogotix platform, raised more than $900 million in a round led by IDG Capital, with Gaorong Ventures participating and Tencent and Alibaba as strategic investors. External investors put in about $600 million, an XPeng subsidiary about $200 million, and entities linked to CEO He Xiaopeng and co-president Brian Gu about $100 million, with XPeng retaining roughly 82% control and consolidating the unit. Proceeds are earmarked for IRON humanoid robot research, embodied AI and data capabilities, and mass production toward the end of 2026. Citi estimated that if XPeng’s market valuation fully reflects the robotics unit’s post-transaction value, the EV business is worth around $6.5 billion, roughly matching the nascent robotics operation.