Xpeng's robotics unit valued at over $6.3 billion after record funding round

The proceeds will be used to develop robotics hardware and software, train and ​refine physical AI models, collect high-quality data, ⁠build end-to-end ‌mass-production facilities, and support global expansion, the ​company said. CEO He Xiaopeng announced in June that he would personally lead the robotics business.