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XPeng Inc.

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XPENG (9868) retains 82% of $6.3bn Dogotix as IRON humanoid production scales

XPENG has established a standalone $6.3 billion valuation for Dogotix, its humanoid robotics business, while retaining more than 80% ownership initially. The financing gives IRON its own capital base, but the larger investor question is whether mass production and commercial deployments can turn robotics into a meaningful source of value beside XPENG’s still loss-making electric vehicle business.