XPeng Robotics Raises $900M at $6.3B Valuation for Humanoid Production

XPeng's robotics subsidiary has secured over $900 million in a funding round that values the unit at more than $6.3 billion, the Chinese electric vehicle maker announced on August 24, 2026. The company described the raise as the largest single-round private financing in the history of China's embodied AI industry, with the capital earmarked to push its IRON humanoid robot into mass production by the end of 2026. The financing was led by IDG Capital and Gaorong Ventures, with strategic investment from technology giants Tencent and Alibaba.