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XPeng Robotics Raises $900M at $6.3B Valuation to Accelerate IRON Humanoid Robot

XPeng's robotics arm has secured over $900 million in funding, valuing the unit at $6.3 billion, to push its IRON humanoid robot into mass production by end-2026. The record round, led by IDG Capital with Tencent and Alibaba backing, positions XPeng ahead of Tesla's Optimus program in the embodied AI race.