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On August 24, Xpeng Motors announced that its robotics division has completed its first round of funding, raising over $900 million, with a post-investment valuation exceeding $6.3 billion. This sets a new record for the largest single private equity financing in China's embodied intelligence sector. The round was led by IDG Capital, with strategic investments from Tencent and Alibaba, and participation from Gaorong Capital, which has previously invested in Momenta and Zhiyuan Robotics. The funds will be used for the development of robotics hardware and software, training and optimization of physical AI models, high-quality data collection, construction of end-to-end mass production facilities, and global expansion. Xpeng aims to achieve a monthly production of 1,000 IRON humanoid robots by the end of this year, with initial deployments in its retail stores and industrial parks, and plans to start commercial sales and deliveries in China and overseas markets from 2027. CEO He Xiaopeng announced in June that he would personally oversee the robotics business, pushing humanoid robot development into the mass production phase. Currently, many automotive companies are accelerating their entry into the robotics sector, and Xpeng's accumulated capabilities in sensors, software, batteries, and supply chain management from its smart driving initiatives are seen as core advantages. In April, Shanghai-based embodied intelligence startup TARS Robotics completed over $455 million in Pre-A funding, which was previously considered the largest single private equity financing in China's embodied intelligence sector, but Xpeng's robotics division has now surpassed that with its new record of over $900 million.

On August 24, according to Poloniex market information, Bitcoin has strongly broken through $79,000, with a 24-hour increase of 2.4%.

On August 24, Xpeng Motors announced that its robotics division has completed its first round of financing, raising over $900 million, with a post-money valuation exceeding $6.3 billion. This marks a new record for private equity financing in the field of embodied intelligence in China. The round was led by IDG Capital, with Tencent and Alibaba participating as strategic investors. Gao Rong Capital, which has previously invested in Momenta and Zhiyuan Robotics, also joined the round. The funds will be used for the development of robotics hardware and software, training and optimization of physical AI models, high-quality data collection, construction of end-to-end mass production facilities, and global expansion. Xpeng aims to achieve a monthly production of 1,000 IRON humanoid robots by the end of this year, with initial deployments in its own retail stores and industrial parks, and plans to start commercial sales and deliveries in China and overseas markets in 2027. CEO He Xiaopeng announced in June that he would personally lead the robotics business, pushing humanoid robot development into mass production. Currently, several automotive companies are accelerating their entry into the robotics sector, and Xpeng's accumulated capabilities in sensors, software, batteries, and supply chain management from its smart driving initiatives are seen as core advantages. In April, Shanghai-based embodied intelligence startup TARS Robotics completed over $455 million in Pre-A round financing, which was previously considered the largest single private equity financing in China's embodied intelligence sector, but Xpeng's robotics division has now surpassed that with over $900 million.