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XPeng Inc. raised over US$900 million in a private equity round led by IDG Capital, aiming to accelerate its robotics business and expand applications in Physical AI.

PUBLIC · XPEVAug 24, 2026•about 4 hours ago

Amount Raised

$900 Million

Round Type

Private Equity

GuangzhouManufacturingSoftwareTransportation

Investors

AlibabaTencentGaorong VenturesIdg Capital

Description

XPeng Inc. announced that its robotics business has raised over US$900 million at a valuation of over US$6.3 billion, marking a record for China's embodied AI industry. The funding round was led by IDG Capital, with participation from Gaorong Ventures, Tencent, and Alibaba. This investment will help enhance XPENG's technology roadmap and scaling capabilities

Company Information

Company

Xpeng

Location

Guangzhou, Guangdong, China

About

XPeng is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPeng develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. XPeng is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley, San Diego and Amsterdam. The Company’s Smart EVs are mainly manufactured at its plant in Zhaoqing, Guangdong province. For more information, please visit https://heyxpeng.com.

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