Investing.com -- XPeng shares slipped in U.S. premarket trading Monday after the Chinese EV maker reported second-quarter results that missed analyst expectations on both revenue and earnings. Alongside the latest results, the company also disclosed a major new funding round for its robotics business.

The company reported a second-quarter loss of RMB1.29 per share, wider than the RMB0.29 loss analysts had expected. Revenue came in at RMB19.74 billion, up 8% year-over-year and 51.5% quarter-over-quarter, but still below the RMB20.57 billion consensus estimate.

Shares in the automaker slid 3.5% by 06:49 ET (10:49 GMT).

Vehicle sales revenue rose 1.0% year-over-year and 55.0% quarter-over-quarter to RMB17.05 billion. Gross margin improved to 20.7%, from 17.3% a year earlier and 20.6% in the prior quarter, though vehicle margin narrowed to 12.1% from 14.3% a year earlier, unchanged from the first quarter. Total vehicle deliveries were roughly flat year-over-year at 103,295.

For the third quarter, XPeng guided to vehicle deliveries of 115,000 to 121,000, implying a year-over-year change of roughly negative 0.87% to positive 4.30%, and total revenue of RMB21.7 billion to RMB23.4 billion, representing year-over-year growth of about 6.47% to 14.81%.

Alongside the results, XPeng said its robotics business has raised more than $900 million in a funding round valuing the unit at over $6.3 billion post-money. The round was led by IDG Capital, with participation from Gaorong Ventures and strategic investment from Tencent and Alibaba.

XPeng said the raise represents the largest single-round private financing in China’s embodied AI industry to date, and added it will retain controlling ownership of the robotics unit, which will remain consolidated into the group’s financial statements. Proceeds are earmarked for software and hardware R&D, physical AI model training, data generation, mass production facilities and global commercial expansion.