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XPENG IRON humanoid robot draws record physical AI funding
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XPENG's physical AI unit raised over $900 million at a $6.3 billion valuation, marking China's largest single-round private capital raise in physical AI. Led by IDG Capital with Tencent and Alibaba as strategic investors, funds will support R&D, data generation, and global expansion of its IRON humanoid robot. IRON features 76 degrees of freedom and 2,250 TOPS of computing power. Mass production is expected by end of 2026, with customer deliveries in 2027. XPENG shares have fallen 51% over the past year.