XPeng Continues to be focused in increaseing the gross sales of its electrical automobiles. However it has been Specializing in constructing out future companies in flying automobiles and roboticics.
Qilai Shen | Bloomberg | Getty Pictures
XPeng Robotics, the affiliate agency of Chinese language electrical carmaker XPeng, on Tuesday said it raised $100 million as An factor of its purpose to commercialize household roboticics Inside The subsequent two yrs.
The financing was led by extreme-profile enterprise capital agency IDG Capital, with XPeng additionally collaborating.
XPeng Robotics said in a press launch that The money Can be used to strengthen its evaluation and enchancment funding in roboticic hardware and Computer software, recruit expertise, velocity up product enchancment and increase know-how and product competitiveness.
The agency said it expects its first robotics to enter households Inside The subsequent two yrs.
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He Xiaopeng, CEO of XPeng, sees roboticics and passenger drones as an extension of the agency’s Think about transportation.
“With The event of know-how, The Sort of mobility will evolve from wheels to wings, propellers, 4 legs or 2 ft,” he informed CNBC final yr in an interview.
XPengis not The one electrical carmaker shifting into roboticics. U.S. rival Tesla is Engaged on a humanoid robotic named Optimus which the agency said might go into manufacturing subsequent yr.
Source: https://www.cnbc.com/2022/07/12/chinese-ev-maker-xpengs-robotics-company-raises-100-million.html