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 business raises over US$900 million, at a post-money valuation of over US$6.3 billion, marking the largest single-round private financing ever recorded in China's embodied AI industry. This round was initiated by leading global investors, led by IDG Capital, with participation from Gaorong Ventures and support from Tencent and Alibaba as strategic investors. The funding will accelerate XPENG humanoid robotics mass production and Physical AI model R&D iterations, driving advanced general-purpose humanoid robot toward a new stage of global commercialization. GUANGZHOU, China , Aug. 24, 2026 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company,"NYSE: XPEV and HKEX: 9868), a leading global Physical AI company, announced today that its robotics business has entered into share purchase agreements with multiple investors, raising over US$900 million at a post-money valuation of over US$6.3 billion, which marks the largest single-round private capital raise in China's embodied AI industry to date. This round was initiated by leading global investors, led by IDG Capital, with participation from Gaorong Ventures and support from Tencent and Alibaba as strategic investors. With the amount of this first funding round and post-money valuation setting new industry records, this reflects strong investor confidence in XPENG's leadership in Physical AI, technology roadmap, ability to scale production, and long-term commercial potential. It also brings valuable strategic resources to accelerate the development of XPENG's robotics ecosystem and expand its real-world applications. As a key pillar of XPENG's Physical AI strategy, XPENG's next-generation IRON is an advanced humanoid robot combining highly human-like form and movement with AI-driven intelligence, designed to meet the highest safety standards. It is being developed as an advanced general-purpose humanoid robot platform, capable of supporting a broad range of applications and continuously improving through self-reinforcement in the real world. To achieve this vision, XPENG has built a fully integrated, in-house technology stack spanning both hardware and software, covering every core layer of the robot, from its physical architecture and actuation systems to its AI and control systems. At the hardware level, XPENG IRON features an industry-leading human-like form and design, with a proprietary fully enclosed flexible lattice structure designed to balance aesthetics and safety. With 76 degrees of freedom (DOF) across the body and 21 in each hand, IRON delivers industry-leading levels of dexterity and mobility. Underpinning these capabilities is an AI-native hardware platform that XPENG has designed and developed in-house, together with the full range of core components, including chips, controllers, motion modules and dexterous hands. Leveraging XPENG's established capabilities in intelligent EV research and development, as well as manufacturing infrastructure, the company is bringing automotive-grade quality standards and large-scale mass production and delivery capabilities to humanoid robotics. On the intelligence side, XPENG IRON is powered by three Turing AI chips delivering up to 2,250 TOPS of effective computing power. This computing power enables XPENG to deploy its Physical AI foundation model directly on the robot, enabling IRON to autonomously perform complex tasks without remote operation, while ensuring low-latency inference and enhanced data security. IRON's highly human-like hardware platform gives XPENG a natural advantage in scaling and leveraging a broad range of behavioral data generated through everyday human activities, while enabling IRON to quickly adapt to applications and environments designed for people. As IRON enters mass production and real-world deployment, this will create a data-model-application flywheel, accelerating the humanoid robot's ability to learn, improve and expand into new scenarios. This financing round establishes a clear mark...