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Strategy Again Skips Bitcoin Buy And Establishes USD Cash Dollar Reserve●HOA Fees Are Soaring — and Retirees Are Feeling the Squeeze●DNV augments subsea toolkit with Equinor’s wellhead fatigue tech●Steadfast agrees $5.51bn buyout by KKR-led consortium●XPeng Sinks 7% as Q2 Miss Overshadows $6.3B Robotics Valuation, NIO Drops 4%, Tesla Slips●ADNOC Awards McDermott $1 Billion-Plus Contract for Major Offshore Gas Project●Nvidia Could Drop 20% On Poor Earnings●Trump Threatens Even Higher Tariffs on Canadian Exports After Talks Unravel●Strategy Again Skips Bitcoin Buy And Establishes USD Cash Dollar Reserve●HOA Fees Are Soaring — and Retirees Are Feeling the Squeeze●DNV augments subsea toolkit with Equinor’s wellhead fatigue tech●Steadfast agrees $5.51bn buyout by KKR-led consortium●XPeng Sinks 7% as Q2 Miss Overshadows $6.3B Robotics Valuation, NIO Drops 4%, Tesla Slips●ADNOC Awards McDermott $1 Billion-Plus Contract for Major Offshore Gas Project●Nvidia Could Drop 20% On Poor Earnings●Trump Threatens Even Higher Tariffs on Canadian Exports After Talks Unravel●

Asia

EV maker Xpeng set to challenge Tesla in embodied AI after robotics unit raises US$900m

Business - South China Morning Post · 1h ago · 🇨🇳 China

EV maker Xpeng set to challenge Tesla in embodied AI after robotics unit raises US$900m

Chinese electric vehicle (EV) maker Xpeng has secured US$900 million in funding from high-profile investors including Alibaba Group Holding and IDG Capital to spur its robotics unit, despite a widening second-quarter loss. Dogotix, a subsidiary of Xpeng, raised US$900 million in the latest round of financing, which valued it at US$6.3 billion, Xpeng said in a statement on Monday, adding that the fundraising marked the biggest single private-equity deal involving a Chinese robotics maker. The...

Read the full story at Business - South China Morning Post →

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