{"slug": "xpeng-robot-unit-to-raise-900-million-from-likes-of-alibaba", "title": "Xpeng Robot Unit to Raise $900 Million From Likes of Alibaba", "summary": "Xpeng Inc.'s robot unit Dogotix plans to raise $900 million from investors including Alibaba Group Holding Ltd., Tencent Holdings Ltd., IDG Capital, and Gaorong Ventures, valuing Dogotix at over $6 billion. Xpeng will contribute $200 million, and top executives will add $100 million, with the total potentially exceeding $1.4 billion if warrants are exercised.", "body_md": "(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.\n\nMost Read from Bloomberg\n\n-\n[Canada Sees Long Trade War With US That May Last Beyond Midterms](https://www.bloomberg.com/news/articles/2026-08-23/canada-sees-long-trade-war-with-us-that-may-last-beyond-midterms?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) -\n[US Oil Refiners Face Import Squeeze From Biggest Foreign Seller](https://www.bloomberg.com/news/articles/2026-08-21/us-oil-refiners-face-import-squeeze-from-biggest-foreign-seller?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) -\n[US-Canada Trade Talks Fell Apart Over Fine Print, Envoy Says](https://www.bloomberg.com/news/articles/2026-08-23/us-canada-talks-fell-apart-over-fine-print-in-deal-envoy-says?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS) -\n[Nvidia Customers Notified About AI-Related Price Hikes Above 15%](https://www.bloomberg.com/news/articles/2026-08-22/nvidia-customers-notified-about-ai-related-price-hikes-above-15?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS)\n\nUnder 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.\n\nThe 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.\n\nIf $500 million of warrants and other options were to be exercised, the fundraising amount would exceed $1.4 billion, according to the statement.\n\nXpeng shares, which have fallen about 40% this year, declined 0.9% in Hong Kong on Monday before the announcement.\n\n--With assistance from Qianwei Zhang.\n\n(Updates with value of warrants in fourth paragraph.)\n\nMost Read from Bloomberg Businessweek\n\n©2026 Bloomberg L.P.", "url": "https://wpnews.pro/news/xpeng-robot-unit-to-raise-900-million-from-likes-of-alibaba", "canonical_source": "https://ca.finance.yahoo.com/news/xpeng-robot-unit-raise-900-103218199.html", "published_at": "2026-08-24 10:32:18+00:00", "updated_at": "2026-08-24 12:14:52.201271+00:00", "lang": "en", "topics": ["robotics", "ai-startups"], "entities": ["Xpeng Inc.", "Dogotix", "Alibaba Group Holding Ltd.", "Tencent Holdings Ltd.", "IDG Capital", "Gaorong Ventures"], "alternates": {"html": "https://wpnews.pro/news/xpeng-robot-unit-to-raise-900-million-from-likes-of-alibaba", "markdown": "https://wpnews.pro/news/xpeng-robot-unit-to-raise-900-million-from-likes-of-alibaba.md", "text": "https://wpnews.pro/news/xpeng-robot-unit-to-raise-900-million-from-likes-of-alibaba.txt", "jsonld": "https://wpnews.pro/news/xpeng-robot-unit-to-raise-900-million-from-likes-of-alibaba.jsonld"}}