Key Points – XPeng’s robotics unit raised over $900 million at a valuation above $6.2 billion, with scaled production of its Iron humanoid robot targeted by the end of 2026 and commercial launches planned for 2027. – Second-quarter revenue rose 8% year over year to RMB19.74…
llion, while deliveries increased 65% sequentially to 103,295 vehicles. Gross margin improved to 20.7%, but the company still reported a RMB1.34 billion net loss. – XPeng expects third-quarter deliveries of 115,000–121,000 vehicles and is expanding internationally, where second-quarter deliveries grew 81% year over year
The company also plans new vehicle launches and further advances in its VLA driver-assistance and Robotaxi programs. – Smart Money Is Buying Auto Suppliers, Not Car Brands XPENG (NYSE:XPEV) said its robotics business raised more than $900 million in an initial financing round at a post-money valuation exceeding $6.2 billion, as the electric-vehicle maker outlined plans to begin scaled production of its Iron humanoid robot by the end of 2026. Chief Executive Officer He Xiaopeng said the financing was led by IDG Capital, with Gaorong Ventures participating and Tencent and Alibaba serving as strategic investors. He said the funding would support development and mass production of Iron, while adding resources for the company’s robotics ecosystem and real-world applications. – Act Fast: These 3 Undervalued Stocks Won’t Stay Low for Long He, who has led XPeng’s robotics business in addition to serving as the company’s CEO since June, said the company intends to apply resources developed in its automotive operations—including automotive-grade manufacturing, supply-chain relationships, Turing AI chips, AI infrastructure and autonomous-driving data capabilities—to humanoid robotics.
Iron production and commercialization plans XPeng said its Iron robot incorporates a full in-house technology stack spanning the body, AI “brain,” motion-control systems, data and infrastructure. The…