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XPeng shares slide near $11 after auto sales miss
A Series A funding round worth over $900 million values its Dogotix robotics unit at about $6.3 billion, with XPeng planning to spin the robotics arm into a standalone entity.
XPeng Inc. shares have fallen toward a 52-week support level of around $11 after the company reported a top-line miss in its automotive business, according to MarketBeat Ratings.
The outlet attributes the pressure to a difficult EV backdrop, including a domestic price war and shifting international tariffs, but says the near-term vehicle delivery focus is obscuring a separate strategic development.
MarketBeat Ratings says XPeng secured a Series A funding round exceeding $900 million for its robotics subsidiary Dogotix, assigning the unit a post-money valuation of about $6.3 billion.
The funding round is anchored by Tencent and Alibaba, and MarketBeat Ratings reports that XPeng CEO He Xiaopeng committed roughly $100 million to the round, which is intended to accelerate mass production of its IRON humanoid robot by the end of 2026 and to support a planned spin-off over the following 18 months, with XPeng retaining about 82% ownership.