XPENG raises $900M for humanoid robotics, valuing the business at $6.3B, aiming for mass production by 2026.

XPENG's robotics business secured over $900 million in funding at a $6.3 billion valuation, marking the largest single-round private financing in China's embodied AI sector. Led by IDG Capital with strategic support from Tencent and Alibaba, the investment will accelerate mass production and R&D of XPENG's humanoid robot, IRON, designed for advanced AI-driven tasks and global commercialization. XPENG plans to start mass production by the end of 2026, with commercial deployment in China and overseas markets in 2027, leveraging its automotive-grade manufacturing expertise and integrated AI technology stack.