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

XPeng Inc.'s robotics business raised over US$900 million at a post-money valuation exceeding US$6.3 billion, the largest single-round private financing in China's embodied AI industry. The round was led by IDG Capital, with participation from Gaorong Ventures and strategic support from Tencent and Alibaba. Funds will support humanoid robot R&D, Physical AI model training, mass production facilities, and global expansion, with XPENG IRON mass production expected by end of 2026.