On August 24, Xpeng Group announced that its humanoid robot business has signed equity financing agreements with multiple investors. This round is the first round of financing for the Xiaopeng Robotics business, with a financing amount of more than 900 million US dollars and a post-investment valuation of more than 6.3 billion US dollars, which refreshes the single-round private equity financing record of China's smart industry. Xpeng iron plans to enter the mass production stage at the end of 2026, starting with Xpeng's stores and parks to implement commercial scenarios, and will be officially listed and delivered to China and overseas markets in 2027. At the same time, He Xiaopeng said, this high-end humanoid robot will be different from all the robots seen in the market. It is more anthropomorphic, safer, does not use a remote control, can interact naturally, and has its own memory. This round of financing was initiated by the world's top investment institutions: led by IDG Capital, Gao Rong Venture Capital participated in the investment, and was supported by two strategic investors, Tencent and Alibaba. This round of financing brings together the top investment institutions and strategic investors in the global smart industry. The first round of financing and valuation broke industry records. As an important carrier of the Xpeng Group's physical AI strategy, Xpeng iron is positioned as an extremely anthropomorphic, AI-driven, high-end humanoid robot with the highest standards of safety and quality. The goal is to become a next-generation general-purpose humanoid robot platform that supports a wide range of scenario applications and self-reinforcing in the real world. To this end, Xiaopeng Robotics has built a full-stack self-developed technology system with deep coupling of software and hardware, which fully covers the robot's ontology, brain, cerebellum, data and Infra. In terms of the body, Xiaopeng iron has anthropomorphic body and shape, the first fully covered flexible lattice, taking into account both beauty and safety. 76 degrees of freedom for the whole body and 21 degrees of freedom for one hand. Xiaopeng Robotics has independently designed and developed an AI native hardware platform and all core components, including chips, controllers, motion modules and dexterous hands, based on its intelligent electric vehicle R&D and manufacturing system, to create automotive-grade quality and mass production and delivery capabilities. In terms of intelligence, Xiaopeng iron is equipped with 3 Turing AI chips, with an effective computing power of up to 2250TOPS. The Xiaopeng physical AI large model has been successfully deployed on the end, and it can independently complete complex work tasks without remote manipulation, and guarantees low inference latency and data security. The highly anthropomorphic robot hardware platform naturally has a stronger data scale advantage, which can not only maximize the reuse of behavioral data generated by human daily life, but also quickly adapt to a wide range of application scenarios designed for humans. With Xpeng iron taking the lead in mass production applications, it will obtain a large amount of real scene data and human teaching data to accelerate AI model training iteration; the continuous improvement of model capabilities will support the robot to enter more scenarios and generate more high-quality data, thus forming a "data-model-application" flywheel effect, allowing Xpeng iron to accelerate its evolution in the real world. After the completion of this round of financing, Xiaopeng Group will continue to hold the robotics business, and the robotics business will still be included in the consolidated financial statements of the Group. The funds raised in this round are mainly used for software and hardware research and development of the Xiaopeng robot business, physical AI model training iteration, high-quality data acquisition, the construction of a full-chain mass production base, and global commercial expansion. (Compiled by/Auto House Yao Yu).