Xpeng Raises $900 Million in Record Funding for Humanoid Robots

On August 24, Xpeng announced the successful completion of a funding round exceeding $900 million for its robotics division. Led by IDG Capital, with participation from Tencent and Alibaba, this round values the division at over $6.3 billion. The funds will be allocated toward hardware and software development, model training, data collection, and infrastructure for mass production. The company's flagship product, the humanoid robot IRON, is scheduled for launch at the end of 2026. Xpeng intends to deploy these robots in retail stores and industrial settings, with commercial deliveries expected to commence by 2027. This funding milestone underscores the growing interest and competition in embodied AI and humanoid robotics within the industry.