spinoff

Xpeng spins off robotics unit Dogotix at $6.3B valuation, raises $900M

Xpeng is carving out its robotics business into standalone Dogotix, securing $900 million in funding at a post-money valuation of about $6.3 billion. External investors include IDG Capital, Alibaba, Tencent, and Gaorong Ventures, with Xpeng retaining roughly 82% control.