Backers including Alibaba, Tencent and IDG put up a combined US$600 million while Xpeng itself pledges US$200 million.

XPENG robotics business raises over US$900 million at a post-money valuation of over US$6.3 billion, accelerating physical AI deployment

XPeng Robotics raised over $900M at a $6.3B valuation, backed by IDG Capital, Gaorong Ventures, Tencent, and Alibaba, to scale IRON humanoid