XPeng Inc.'s robotics business has raised over $900 million in a single funding round, valuing the unit at more than $6.3 billion post-money. The round, led by IDG Capital, included participation from Gaorong Ventures, Tencent, and Alibaba. XPeng will retain controlling ownership of the robotics unit, which will remain consolidated in its financial statements.
The capital will primarily fund research and development for the company's IRON humanoid robot, alongside investments in its Physical AI model, mass production facilities, and commercial expansion. XPeng expects to begin mass production of the IRON robot by the end of 2026, with initial deployments planned at company stores and campuses.
The IRON humanoid robot features 76 degrees of freedom across its body and 21 in each hand, powered by three Turing AI chips delivering up to 2,250 TOPS of computing power. This configuration enables the robot to perform tasks without remote operation, according to the company.
Commercial deliveries are slated to commence in 2027, targeting both domestic and international markets. XPeng Chairman and CEO He Xiaopeng stated, "This has enabled us to pioneer a new phase of mass production and commercial deployment for advanced humanoid robots." XPeng is dual-listed on the New York Stock Exchange (XPEV) and the Hong Kong Stock Exchange (9868), with headquarters in Guangzhou, China.
