XPeng robotics raises $900M at $6.3B valuation for IRON robot push

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.