XPeng's robot unit raises $900M at $6.3B valuation, led by IDG

Xpeng’s robotics business has raised more than $900 million at a $6.3 billion valuation in a round led by IDG Capital The Chinese EV maker now has the cash to push its IRON humanoid to reach mass production this year. Why is Xpeng making robots if its car business is suffering?  The Chinese electric vehicle...