XPeng continues to be targeted in boosting the gross sales of its electrical automobiles. But it surely has been specializing in development out long run companies in flying automobiles and robotics.
Qilai Shen | Bloomberg | Getty Photographs
XPeng Robotics, the associate corporate of Chinese language electrical carmaker XPeng, on Tuesday mentioned it raised $100 million as a part of its intention to commercialize family robotics within the subsequent two years.
The financing was once led by way of high-profile undertaking capital company IDG Capital, with XPeng additionally collaborating.
XPeng Robotics mentioned in a press unlock that the cash could be used to make stronger its analysis and building funding in robot {hardware} and device, recruit ability, boost up product building and spice up generation and product competitiveness.
The corporate mentioned it expects its first robots to go into families within the subsequent two years.
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He Xiaopeng, CEO of XPeng, sees robotics and passenger drones as an extension of the corporate’s focal point on transportation.
“With the improvement of generation, the type of mobility will evolve from wheels to wings, propellers, 4 legs or 2 toes,” he advised CNBC ultimate yr in an interview.
XPengis no longer the one electrical carmaker transferring into robotics. U.S. rival Tesla is operating on a humanoid robotic named Optimus which the corporate mentioned may cross into manufacturing subsequent yr.