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Caixin (Cailian She) reported on August 26 (Editor Hu Jiarong): Stimulated by positive developments such as the completion of a large-scale financing for its humanoid robotics business, shares of Xiaopeng Group-W (09868.HK) rose. As of the time of writing, the stock was up 6.56%, trading at HKD 46.14.
Regarding the news, “Pengxing,” the main entity of the robotics business under Xiaopeng Group, has completed its first round of private equity financing of more than USD 900 million. The post-investment valuation exceeds USD 6.3 billion, setting the highest record for a single round of financing in China’s embodied intelligence sector to date.
This round of financing was led by IDG Capital, with participation from GGV Capital. Alibaba and Tencent jointly subscribed for USD 600 million as strategic investors, while USD 300 million was subscribed by related parties controlled by He Xiaopeng and Gu Hongdi. After the financing is completed, the Xiaopeng Group will continue to maintain its controlling position in the robotics business.

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（Source: New Weekly）
August 24, 2026——Global-leading physical AI company XPeng Group (NYSE: XPEV; HKEX: 9868) announced today that its humanoid robot business has signed equity financing agreements with multiple investors. This round marks the first financing for XPeng Robotics. The amount raised exceeds $900 million, and the post-money valuation exceeds $6.3 billion, setting a new record for single-round private equity financing in China’s embodied intelligence industry.
This round of financing was proactively initiated by top global investment institutions. IDG Capital led the round, with GSR Ventures participating, and support was also provided by two strategic investors—Tencent and Alibaba. This round brings together leading investment institutions and strategic investors with deep global deployments in the embodied intelligence industry. The first-round financing amount and valuation immediately broke industry records, fully reflecting the capital market’s high recognition of XPeng Group’s leading position in the physical AI field, its technical roadmap, large-scale mass-production capabilities, and long-term commercial value. It also brings more strategic resources for building the robotics business ecosystem and expanding application scenarios.

Before entering mass production, XPeng’s robotics business received a massive amount of funding.
On August 24, XPeng Group (09868.HK, XPEV.US) announced that its humanoid robot business has signed equity financing agreements with multiple investors. This round marks the first funding round for XPeng’s robotics business. The financing amount exceeds US$900 million (equivalent to approximately RMB 6.05 billion at the current exchange rate). The post-investment valuation is over US$6.3 billion (equivalent to approximately RMB 42.35 billion at the current exchange rate), setting a new record for a single-round private equity financing deal in China’s embodied intelligence industry.
XPeng Group said that this round of financing was proactively initiated by global top-tier investment institutions: IDG Capital led the investment, with Sequoia Capital China participating, and it also received support from two strategic investors—Tencent and Alibaba.

This scene is comparable to Unitree’s IPO—
According to information from the investment community, Xiaopeng Group has officially announced that its humanoid robotics business has signed equity financing agreements with multiple investors. IDG Capital is leading the round, with Goruong Venture Capital participating. At the same time, it has received support from two strategic investors, Tencent and Alibaba.
It is worth noting that this round is the first financing for Xiaopeng’s robotics business. The amount raised exceeds $900 million (about RMB 6.5 billion). The post-money valuation exceeds $6.3 billion (about RMB 43 billion), setting a new record for single-round private equity financing in China’s embodied intelligence industry. By comparison, Unitree Technology’s final amount raised in its IPO was about RMB 6.099 billion.

Gasgoo Auto News—On August 24, XPeng Group (NYSE:XPEV/HK.9868) released its unaudited financial results for the second quarter of 2026.
During the reporting period, XPeng Group’s total revenue was RMB 19.74 billion, up 8.0% year over year and up 51.5% quarter over quarter. Gross margin was 20.7%, up 3.4 percentage points year over year, exceeding the market estimate of 19.2%.
In terms of deliveries, XPeng Motors’ total deliveries in Q2 were 103,295 vehicles, up 64.8% quarter over quarter. Among them, 6,739 GX model vehicles were delivered in June; the 10,000th vehicle for this model rolled off the production line in the same month. Automotive sales revenue was RMB 17.05 billion, up 1.0% year over year.
It is worth noting that in the second quarter of 2026, XPeng Group’s service and other revenue was RMB 2.70 billion, up 93.9% year over year, mainly driven by higher revenue from technology R&D services provided to automakers and growth in sales of parts and accessories. The operating margin for services and other businesses was 75.1%, up 21.5 percentage points year over year. The company’s R&D expenses in Q2 were RMB 2.91 billion, up 32.1% year over year; as of June 30, cash reserves totaled RMB 40.48 billion.

This scene is on par with Unitree's going public—
According to reports from the investment community, XPeng Group has officially announced that its humanoid robotics business has signed equity financing agreements with multiple investors. IDG Capital is leading the round, with GSR Ventures participating, and the company also has support from two strategic investors—Tencent and Alibaba.
Notably, this round marks the first financing for XPeng Robotics. The amount raised exceeds $900 million (about RMB 6.5 billion), and the post-money valuation is over $6.3 billion (about RMB 43 billion), setting a new record for a single round of private equity financing in China's embodied intelligence industry. By comparison, Unitree Technology's IPO ultimately raised about RMB 6.099 billion.

By China Business Network reporter | Sun Lei????Edited by | Yu Tingting????
On August 24, XPeng Group released its unaudited financial results for the second quarter ended June 30, 2026. The data show that XPeng Group’s total revenue in the second quarter was 19.74 billion yuan, up 8.0% year over year; for the first half of this year, the company’s total revenue was 32.78 billion yuan, down 3.8% year over year.
In terms of net profit, XPeng’s net loss in the second quarter was 1.24 billion yuan, while the market expected a loss of 770 million yuan (dragged down by a larger fair value investment loss and a reduction in other income). Also, looking at the first half of the year, XPeng’s operating loss was about 3.02 billion yuan, and its net loss was about 3.12 billion yuan, compared with a net loss of about 1.14 billion yuan in the same period last year.

Author | Janson
Editor | Zhihao
XPeng’s VLA will go overseas, and the company’s overall gross margin will exceed 20%.
On August 24, China Car News reported that just now, XPeng Motors released its 2026 second-quarter earnings report. Subsequently, XPeng Motors’ chairman and CEO He Xiaopeng, as well as other executives including Vice Chairman and Co-President Gu Hong and others, attended XPeng’s 2026 Q2 earnings conference call.
During the conference call, XPeng’s management mainly answered questions about VLA going global, humanoid robot technology and commercialization. In particular, they focused on four key questions:
3. Synergy of embodied intelligence technology: Most capabilities of models such as XPeng’s VLA and VLM can be shared with robots. In the future, technologies like robots’ thinking models may also feed back into vehicles.

XPeng Group is trying to build a moat in the AI industry through its humanoid robotics business.
At the XPeng Group (9868.HK, NYSE: XPEV) earnings call held on the evening of August 24, XPeng Group’s Chairman and CEO He Xiaopeng emphasized that the technological challenges and innovation difficulty of advanced general-purpose humanoid robots are far greater than those of intelligent vehicles—“at least 20 times,” he said. He also noted that the scarcity of high-quality supply will drive the product’s average selling price per vehicle and gross margin to greatly surpass those of automobiles.
Earlier that day, XPeng Group announced a record-breaking financing: its robotics business completed its first round of over $900 million in funding, with a post-money valuation of over $6.3 billion—setting a new record for a single round of private equity financing in China’s embodied intelligence industry. The round was led by IDG Capital, with participation from GSR Ventures, and received support from two strategic investors, Tencent and Alibaba. XPeng Group will continue to maintain control of its robotics business.

XPeng Group is trying to build a moat in the AI industry through its humanoid robot business.
At the XPeng Group (9868.HK, NYSE: XPEV) earnings conference call held on the evening of August 24, XPeng’s Chairman and CEO He Xiaopeng emphasized that the technical challenges and innovation difficulty of advanced general-purpose humanoid robots are far greater than those of smart automobiles—even “at least 20 times.” He also noted that the scarcity of quality supply will drive the product’s per-vehicle average selling price and gross margin to significantly surpass those of automobiles.
Earlier that day, XPeng Group announced a record-breaking financing round: XPeng Robotics completed its first round of financing of more than $900 million, with a post-investment valuation of over $6.3 billion, setting a new record for a single round of private equity financing in China’s embodied intelligence sector. This round was led by IDG Capital, with Rong Cheng Venture Capital participating, and it received support from two strategic investors—Tencent and Alibaba. XPeng Group retains control of the robotics business.

On Monday, Xiaopeng Group (XPEV.US) opened and continued to fall. As of the time of publication, the decline was about 7%. In terms of news, Xiaopeng Group released its interim results for the six months ended June 30, 2026. Total revenue was RMB 32.777 billion (the same below), down 3.84% year over year. Net loss attributable to ordinary shareholders was RMB 3.121 billion, widening 173.35% year over year. Basic loss per share was RMB 1.63. For the six months ended June 30, 2026, total vehicle deliveries were 166,000 units, down 15.8% from 197,200 units for the six months ended June 30, 2025.

On August 24, XPeng Motors released its 2026 first-half performance announcement.
During the reporting period, the company achieved total revenue of RMB 32.78 billion, down 3.8% year over year; net loss was RMB 3.12 billion, compared with a net loss of RMB 1.14 billion in the same period last year. Total vehicle deliveries in the first half were 165,977 units, down 15.8% year over year.
More specifically, in the first half of the year, XPeng’s automotive sales revenue was RMB 28.05 billion, down 10.3% year over year. The company said that this was mainly due to a decline in vehicle deliveries. Meanwhile, service and other revenue reached RMB 4.73 billion, up 67.1% year over year, mainly attributable to growth in revenue from technology research and development services as well as sales of parts and accessories.

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(Source: CarNewsChina)
CarNewsChina (WeChat official account: chedongxi)
By | Janson
Edit | Zhihao
Xpeng VLA to go overseas; the company’s comprehensive gross margin exceeds 20%.
On August 24, CarNewsChina reported that just now, Xpeng Motors released its 2026 Q2 earnings report. Afterwards, Xpeng’s Chairman and CEO He Xiaopeng, Xpeng’s Vice Chairman and Co-President Gu Hong and other management attended Xpeng’s 2026 Q2 earnings conference call.

Source: Jingbao.com _ Beijing Daily Official Website
【#He Xiaopeng Heads Up the Robotics Business#】#Xpeng’s robot business post-money valuation exceeds $6.3 billion# According to People’s Finance and News, on August 24, He Xiaopeng said that besides serving as CEO of Xpeng, he also serves as CEO of the robotics business. In a WeChat public account post by “Xpeng Motors,” on August 24, Xpeng Group announced that its humanoid robotics business has signed equity financing agreements with multiple investors. This round is the first round of financing for Xpeng’s robotics business, with a financing amount exceeding $900 million and a post-money valuation exceeding $6.3 billion. Xpeng disclosed that in this round, Pengxing’s financing was led by IDG Capital, with participation from Gornov Ventures. At the same time, it also received support from two strategic investors, Tencent and Alibaba, and Xpeng Group will continue to maintain control of the robotics business. Xpeng said the raised funds will mainly be used for R&D of soft and hard components for Xpeng’s robotics business, training and iterating physical AI (artificial intelligence) models, collecting high-quality data, building high-quality end-to-end mass-production bases, and expanding global commercialization.
According to a review by the Shanghai Securities News, in 2020, He Xiaopeng acquired the four-legged robot company “Dogotix,” and co-founded Pengxing Intelligent with founder Zhao Tongyang, officially entering the quadruped robotics track. In December 2020, Shenzhen Pengxing Intelligent Co., Ltd. was established with registered capital of RMB 10 million, and He Xiaopeng held a 65.1% stake. In September 2023, Xpeng Motors acquired the remaining 74.82% shares of Pengxing Intelligent for $98.96 million (about RMB 670 million), and Pengxing became a business unit of Xpeng Motors. That same month, in October 2023, Xpeng unveiled its first dual-ped humanoid robot, PX5. In February 2026, Xpeng began building what it claims to be the industry’s first end-to-end humanoid robot mass-production base. On July 24, 2026, @Beijing Daily Chang’an Street Watch learned from Xpeng Motors that Xpeng’s humanoid robots have officially begun small-batch trial production at its Guangzhou factory, and its mass-production lines have entered the final stages of integration and debugging. The mass-production push is now officially in the countdown. Earlier, Xpeng Group held an internal robotics mass-production mobilization meeting and set out key timeline milestones: by 2026, humanoid robots will enter mass production, and it is expected that starting in 2027 they will gradually roll into Xpeng stores and commercial scenarios worldwide to provide services such as guiding and explanations. Today, Xpeng Group also released its second-quarter financial results: revenue of RMB 19.74 billion, up 8.0% year over year, and a gross margin of 20.7%.
(Chang’an Street Watch; video: Jijing Dianxun)

IT Home reported on August 24 that at the company's semiannual results briefing, He Xiaopeng, Chairman and CEO of XPeng Group, disclosed today (the 24th) that the five-seat flagship model G9L will be officially launched in September and will begin deliveries.
Looking ahead to the fourth quarter of this year, the MONA L05 will be launched in China. With four new SUV models set to be rolled out one after another, it is expected that XPeng's sales will surge significantly in the fourth quarter, and the company aims to challenge a new record of exceeding 60,000 units in a single month.
He Xiaopeng revealed that the factory-installed production of the front-mounted Robotaxi featuring the second-generation VLA has already completed more than 2,000 internal test orders in Guangzhou, running the full process for passenger-carrying demonstration operations. The company has completed the development of the cloud-based takeover platform, aiming to enable passenger-carrying operations without a safety driver next year.

Source: Securities Times
People's Finance and Economics, August 24—On August 24, He Xiaopeng introduced that the five-seat flagship SUV model G9L from XPeng Motors will officially be launched and deliveries will begin in September. In the fourth quarter, the MONA L05 will also be launched in China. With the launch of four new SUV models, XPeng Motors will achieve full coverage of the major SUV sub-segments, and it is expected that the company's sales will rise significantly in the fourth quarter, aiming to challenge monthly sales of over 60,000 units.

DoNews August 24, 2026. On August 24, XPeng Motors released its 2026 first-half performance announcement. During the reporting period, the company achieved total revenue of RMB 32.78 billion, down 3.8% year over year; net loss was RMB 3.12 billion, compared with a net loss of RMB 1.14 billion in the same period last year. Total vehicle deliveries in the first half were 165,977 units, down 15.8% year over year.
Specifically, XPeng Motors’ first-half automotive sales revenue was RMB 28.05 billion, down 10.3% year over year. The company said this was mainly affected by a decline in vehicle deliveries. Meanwhile, service and other revenue reached RMB 4.73 billion, up 67.1% year over year, mainly driven by growth in technology research and development service revenue as well as revenue from parts and accessories sales.

(Source: Finance News)
Net loss expanded from 480 million yuan in the same period last year to 1.34 billion yuan, widening by nearly 1.8 times year-on-year.
On August 24, XPeng Group (XPEV.US) fell more than 3% in U.S. stock premarket trading to $11.77. According to the news, the company just released its earnings report showing that in the second quarter of 2026, revenue was 19.74 billion yuan, up 8% year over year and up 51.5% quarter over quarter, but below the expected 20.0 billion yuan. Gross margin was 20.7%, higher than the expected 19.2%, up 3.4 percentage points from the same period last year. Net loss expanded from 480 million yuan in the same period last year to 1.34 billion yuan, widening by nearly 1.8 times year-on-year.

(Source: Electric Zhijia)
According to news from Electric Zhijia on August 23, multiple media outlets reported that a Xpeng Motors owner actually ran a red light while using the vehicle’s intelligent driving mode. In response, Xpeng Motors’ after-sales service stated that the first person responsible for intelligent assisted driving is always the driver. Environmental factors may affect the system’s recognition performance, and the company will continue to optimize.
In addition, regarding the owner’s questions, staff from Xpeng Motors’ public relations department also replied to the media by email, saying that the company will continue to optimize the corresponding scenarios going forward.
At present, all intelligent assisted driving in China is at Level 2. Under the existing laws and regulations, in the event of a traffic accident, the driver is the first person responsible. That means the reply from Xpeng Motors’ after-sales service staff appears to be fine. However, considering that Xpeng Motors has long been positioning itself around intelligent driving—and even claims to directly benchmark Tesla’s FSD—such a response is still disappointing.