XPeng (XPEV) Deep Dive — Layer 6 to Layer 10: The Robot Unit Now Worth Half The Company
XPeng Inc. (NYSE: XPEV; HKEX: 9868) is a Guangzhou smart-EV maker that sits on Layer 6 of the robotics stack — mobile and autonomous vehicle robotics — and is now pushing hard into Layer 10, full-stack humanoids. On August 24, 2026, XPeng carved its robotics business into a standalone subsidiary called Dogotix and raised more than US$900 million at a post-money valuation above US$6.3 billion, which the company says is the largest single-round private financing in the history of China's embodied AI industry. The round was led by IDG Capital, with Gaorong Ventures participating and Tencent and…
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