Xpeng raises more than $900 million as Chinese automakers pursue humanoid robots
AI Summary- Xpeng’s robotics unit raised more than $900 million from investors including IDG Capital and Tencent.
- The financing gave the unit a post-money valuation exceeding $6.3 billion.
- Chinese automakers including Chery, BYD, Changan, GAC, Li Auto, SAIC and Seres are developing robots.