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XPeng’s robotics unit raises US$100 million with the aim of commercialising its business in two years | South China Morning Post

Source: scmp.com scmp.com
News Snapshot:

XPeng Robotics, the robotics unit of Chinese electric vehicle (EV) maker XPeng Motors , has raised US$100 million in a funding round led by IDG Capital and expects to launch its first robots for household use in two years. The capital raised will be used to strengthen development capabilities and to attract top talent, as it accelerates commercialisation, XPeng Robotics said on Tuesday. “Smart mobility and intelligent robotics are being developed at a speed that is exceeding expectations,” said He Xiaopeng, co-founder and CEO of XPeng Motors. “We strongly believe that a new technology-defined era will transform ideas into reality…

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