Chinese automaker XPeng announced on Monday that its humanoid robotics business has signed equity financing agreements with investors, raising more than $900 million in its first funding round at a total company valuation of $6.3 billion.

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