XPENG’s robotics business has entered share purchase agreements with investors to raise more than US$900 million at a post-money valuation above US$6.3 billion, the company announced on August 24, 2026. XPENG describes the raise as the largest single-round private financing recorded in China’s embodied AI industry. The round is led by IDG Capital, with participation from Gaorong Ventures and support from Tencent and Alibaba as strategic investors. It is the robotics unit’s first external…