Xpeng Robot Unit to Raise $900 Million From Likes of Alibaba

Xpeng Robot Unit to Raise $900 Million From Likes of Alibaba

Mon, August 24, 2026 at 1:32 PM GMT+3 1 min read

(Bloomberg) -- Xpeng Inc.'s robot unit plans to raise $900 million from investors including Alibaba Group Holding Ltd. and Tencent Holdings Ltd., bolstering the automaker's push into humanoid robots.

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Under the agreement, the company's Dogotix subsidiary will raise $600 million from external investors, $200 million from Xpeng itself, and $100 million from top executives, Xpeng said in a statement on Monday. The funding will value Dogotix at over $6 billion after the transaction, it said.

The big names involved in the lineup of investors, which include IDG Capital and Gaorong Ventures, is a vote of confidence for Xpeng, which is seeking to expand beyond electric vehicles and into high-tech fields like robotics and flying cars.

If $500 million of warrants and other options were to be exercised, the fundraising amount would exceed $1.4 billion, according to the statement.

Xpeng shares, which have fallen about 40% this year, declined 0.9% in Hong Kong on Monday before the announcement.

--With assistance from Qianwei Zhang.

(Updates with value of warrants in fourth paragraph.)

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