Chinese automaker Xpeng said on Monday its robotics unit had ​raised more than $900 million in its first funding round, setting ‌a new record for a single private financing in China’s embodied AI sector. The funding round, led by IDG Capital and backed by strategic investors Tencent ​and Alibaba, values the robotics business at more than $6.3 billion, ​Xpeng said in a statement. Gaorong Ventures, an early investor in ⁠autonomous driving company Momenta and humanoid robot startup AgiBot, also ​participated in the funding. The proceeds will be used to develop robotics hardware ​and software, train and refine physical AI models, collect high-quality data, build end-to-end mass-production facilities, and support global expansion, the company said. Xpeng has aimed to reach ​a monthly output of 1,000 units of its IRON humanoid ​robot by the end of the year, with initial deployments at its retail stores ‌and ⁠industrial campuses. Commercial sales and deliveries in China and overseas markets are scheduled to begin in 2027.

Full report : XPeng robotics raises $900 million at $6.3 billion valuation for IRON robot push.