XPeng’s robotics unit raised more than $900 million at a post-money valuation of more than $6.3 billion, in a round led by IDG Capital.
TechCrunch reported that XPeng founder He Xiaopeng and co‑president Brian Gu put roughly $100 million of personal capital into the raise, and that the unit is focused on Iron, a humanoid robot designed for commercial deployment that aims to leverage the automaker’s manufacturing scale.
“He sees razor‑thin profit in cars on the near horizon. Robots look much more promising,” Michael Dunne said, capturing why auto groups are shifting resources toward embodied AI.
The deal was described as the largest single‑round private financing in China’s “embodied AI” industry and included participation from Gaorong Ventures, Tencent and Alibaba, joining a wave of Chinese automakers, AiMOGA, BYD, Changan, GAC, Li Auto, SAIC and Seres, that have moved from announcements to visible product launches and IPO planning as they race to commercialise humanoid robots.
