XPeng Robotics Raises $900 Million at $6.3 Billion+ Valuation

XPeng Robotics has raised $900 million in a funding round valuing the company at more than $6.3 billion, led by IDG Capital with backing from Tencent and Alibaba. The round reportedly marks the largest private financing to date in China's embodied AI sector.
XPeng plans to use the capital to scale hardware, physical AI models, and manufacturing ahead of mass production of its IRON humanoid robot by year-end, with commercial deliveries expected to begin in 2027.