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

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.

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. Most Read from Bloomberg - 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 - 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 - 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 - 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 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. Most Read from Bloomberg Businessweek ©2026 Bloomberg L.P.