XPeng’s robotics business has raised over $900 million at a post-money valuation of more than $6.3 billion, the Chinese EV maker announced today. XPeng calls it the largest single-round private financing in the history of China’s embodied AI industry.
The round is meant to push XPeng’s IRON humanoid robot into mass production by the end of 2026 — a timeline that keeps the automaker ahead of Tesla’s stalling Optimus program.
On the compute side, IRON runs three of XPeng’s in-house Turing AI chips delivering a combined 2,250 TOPS. That lets the company run its Physical AI foundation model directly on the robot, which XPeng says allows IRON to “autonomously perform complex tasks without remote operation.”
XPeng reported 103,295 vehicle deliveries in the second quarter of 2026, up 64.8% quarter-over-quarter, so the company is scaling actual hardware at volume right now. It says the robotics unit is targeting monthly capacity of more than 1,000 IRON units and has floated a goal of 1 million units by 2030.