XPENG Robotics Raises Over $900 Million for IRON Humanoid Robot Development

XPENG's physical AI unit has secured over $900 million in funding, valuing the company at $6.3 billion. This represents China's largest single-round private capital raise in the embodied AI industry. The substantial investment will accelerate the scaling of the IRON humanoid robot platform, with mass production anticipated by late 2026 and large-scale deliveries projected to commence in 2027, signaling rapid advancement in the sector.