XPeng (XPEV) Stock: Falls 6.8% Despite $900 Million Robotics Funding Boost

TLDR XPeng shares slide 6.8% even as its robotics unit secures over $900 million. XPeng robotics reaches a valuation above $6.3 billion following fresh funding. IDG Capital leads XPeng robotics round with backing from Tencent and Alibaba. XPeng plans to begin mass production of its IRON humanoid robot by late 2026. New funding will support [...]

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