18:57 Aug 24 2026

XPeng's humanoid robotics division has raised more than USD900 million in its first funding round at a post-money valuation of more than USD6.3 billion, the Chinese electric carmaker announced today. The round, led by IDG Capital and backed by Gaorong Capital, Tencent Holdings, and Alibaba Group, sets a new record for a single private fundraiser in China’s embodied AI sector.

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