XPeng Inc. ((", XPENG", or the ", Company, ", NYSE:XPEV), a leading global Physical AI company, announced today that its robotics business has entered into share purchase agreements with multiple investors, raising over US$900 million at a post-money valuation of over US$6.3 billion, which marks the largest single-round private capital raise in China's embodied AI industry to date.

This round was initiated by leading global investors, led by IDG Capital, with participation from Gaorong Ventures and support from Tencent and Alibaba as strategic investors. With the amount of this first funding round and post-money valuation setting new industry records, this reflects strong investor confidence in XPENG's leadership in Physical AI, technology roadmap, ability to scale production, and long-term commercial potential. It also brings valuable strategic resources to accelerate the development of XPENG's robotics ecosystem and expand its real-world applications.

As a key pillar of XPENG's Physical AI strategy, XPENG's next-generation IRON is an advanced humanoid robot combining highly human-like form and movement with AI-driven intelligence, designed to meet the highest safety standards. It is being developed as an advanced general-purpose humanoid robot platform, capable of supporting a broad range of applications and continuously improving through self-reinforcement in the real world. To achieve this vision, XPENG has built a fully integrated, in-house technology stack spanning both hardware and software, covering every core layer of the robot, from its physical architecture and actuation systems to its AI and control systems.