XPENG Robotics

XPENG Robotics is the humanoid-robotics business of Chinese electric-vehicle maker XPeng Inc. (NYSE/HKEX-listed as XPEV), developing the XPENG IRON humanoid robot for factory, retail and eventually consumer use. XPeng CEO He Xiaopeng took direct, self-described "CEO" control of the robotics unit in June 2026 as the business moved from prototype development toward mass production, describing it as a pivotal step in XPeng's transition from a smart-car company to a physical-AI company. On August 24, 2026, XPENG Robotics entered its first external funding round, raising more than $900 million at a post-money valuation of over $6.3 billion in what XPeng described as the largest single-round private financing yet recorded in China's embodied-AI industry. The round was led by IDG Capital with participation from Gaorong Ventures and strategic backing from Tencent and Alibaba; of the total, roughly $600 million came from outside investors, about $200 million from an XPeng subsidiary, and about $100 million from company leadership. XPeng plans to spin the robotics business, its intellectual property and staff into a standalone subsidiary over the following 18 months while retaining approximately 82% ownership, allowing the unit to carry its own market valuation while remaining consolidated in XPeng's group financial statements. The flagship IRON humanoid robot has 76 degrees of freedom across its body and 21 per hand, is powered by three in-house Turing AI chips delivering a combined 2,250 TOPS of computing power, and is targeted for mass production by the end of 2026 with commercial deliveries in China and overseas markets beginning in 2027.