XPENG’s robotics business raised more than US$ 900 million at a post-money valuation exceeding US$ 6.3 billion, marking what the company describes as the largest single-round private financing in China’s embodied AI industry.
The investment will support the development, mass production and global commercialization of XPENG IRON, the company’s next-generation humanoid robot.
The announcement provides a wider view of the AI capabilities behind XPENG as it prepares to officially enter the Philippine market in September with the flagship XPENG X9 intelligent seven-seater and the stylish XPENG L03 SUV coupé as part of its initial AI Mobility offering to Filipinos.
