GoKawiilXpeng's robotics arm raises $900M as Chinese automakers chase Tesla into humanoid robots
Xpeng's robotics division closed a funding round exceeding $900 million, valuing the unit at over $6.3 billion, in what the company calls China's largest-ever private financing for embodied AI. IDG Capital led the round with backing from Gaorong Ventures, Tencent and Alibaba, while Xpeng founder He Xiaopeng and co-president Brian Gu personally contributed roughly $100 million. Other Chinese automakers—including BYD, Chery's AiMOGA unit, Changan, GAC, Li Auto, SAIC and Seres—are also building or preparing to spin off humanoid robot programs.