XPeng Humanoid Robotics Raises $900M in First Funding Round
XPeng said its humanoid robotics business has signed equity financing agreements with investors, raising more than $900 million in its first funding round at a total valuation of $6.3 billion. The company called it the largest single-round private financing and the highest valuation in China’s embodied AI sector. IRON is set for mass production by end-2026.