XPeng’s robot subsidiary has signed a share purchase agreement with investors and plans to raise more than $900 million at a post-money valuation above $6.3 billion, according to ChainCatcher. XPeng said the deal represents the largest single financing completed by a Chinese company in the robotics sector to date. The round is led by IDG Capital, with Tencent and Alibaba joining as strategic investors, while Gaorong Ventures and others also participated. In terms of deal structure, external investors are contributing about $600 million, an XPeng subsidiary is putting in about $200 million, and entities related to CEO He Xiaopeng and co-president Brian Gu are investing about $100 million. XPeng will retain about 82% control and continue to consolidate the business in its financial statements. The capital will be used for development of IRON, the company’s flagship humanoid robot, as well as embodied intelligence, data capabilities, mass production targeted by the end of 2026, and broader business expansion. The unit is Dogotix, XPeng’s robotics platform covering robot dog and humanoid robot operations.

XPeng Group said its humanoid robotics business has signed equity financing agreements with multiple investors in what the company described as the unit’s first fundraising round. The deal was led by IDG Capital, with Gaorong Ventures participating, while Tencent and Alibaba joined as strategic investors. According to the announcement, the round exceeds $900 million and values the business at more than $6.3 billion after the financing, setting a new record for a single private equity round in China’s embodied intelligence sector. The filing lays out the structure in detail: an XPeng wholly owned subsidiary plans to invest $200 million for 98.6752 million Series A preferred shares, external investors including IDG Capital, Gaorong Ventures, Alibaba and Tencent plan to contribute a combined $600 million for 296 million Series A preferred shares, and management-related buyers controlled by He Xiaopeng and Brian Gu intend to invest $100 million for 49.3376 million ordinary shares. The company also disclosed a spin-off plan for Pengxing, the robotics entity, and redemption rights if a qualified IPO is not completed within seven years after the first closing. The financing comes as China’s humanoid robot race intensifies. XPeng plans to move IRON into mass production by the end of 2026, begin commercial deployments in its stores and campuses, and start formal sales and deliveries in China and overseas in 2027.