EV maker Xpeng set to challenge Tesla in embodied AI after robotics unit raises US$900m

Xpeng, a Chinese electric vehicle maker, has secured US$900 million in funding for its robotics unit, Dogotix, from high-profile investors. This significant investment will help Xpeng challenge Tesla in the field of embodied artificial intelligence, as its robotics unit develops autonomous driving technology. The funding also values Dogotix at US$6.3 billion, making it one of the most valuable Chinese robotics makers. This deal highlights Xpeng's ambitions to expand beyond electric vehicles and into emerging technologies like AI and robotics.

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Xpeng's funding will help the company expand its AI capabilities. This could lead to increased competitiveness in the EV market.

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