PR Newswire·Aug 24, 2026, 6:08 AM ET

XPENG robotics business raises over US$900 million at a post-money valuation of over US$6.3 billion, accelerating physical AI deployment

XPENG Robotics raised over US$900 million in a single private financing round, establishing a post-money valuation exceeding US$6.3 billion.
This transaction marks the largest single-round private capital raise in China's embodied AI industry to date.
The investment round was led by IDG Capital, with participation from Gaorong Ventures, while Tencent and Alibaba served as strategic investors.
Funds will accelerate mass production of the IRON humanoid robot, advance Physical AI model R&D iterations, and drive global commercialization.
XPENG IRON features 76 degrees of freedom (DOF) in the body, 21 DOF per hand, a fully enclosed flexible lattice structure, and automotive-grade safety standards.
The robot is powered by three in-house Turing AI chips delivering up to 2,250 TOPS of computing power for on-device AI execution.
IRON is expected to enter mass production by the end of 2026, with initial deployments at XPENG facilities before global market launches in 2027.
XPENG will retain controlling ownership of the robotics business, which remains consolidated within the Group's financial statements.
The financing supports full-stack hardware & software R&D, high-quality data generation, end-to-end mass production facilities, and global expansion.
He Xiaopeng, XPENG Chairman & CEO, emphasized the company's commitment to in-house R&D across chips, models, and infrastructure to enable large-scale robot deployment.