XPeng Motors announced on August 24, 2026 that its humanoid-robotics subsidiary, Dogotix, has closed an initial funding round of more than $900 million, valuing the newly carved-out unit at a pre-money $5 billion and a post-transaction $6.3 billion. XPeng said the transaction is the largest single private financing round to date for a Chinese embodied AI company.
Inside the round
The financing was led by IDG Capital, with strategic participation from Alibaba and Tencent and additional investment from Gaorong Ventures, an early backer of humanoid startup AgiBot and autonomous-driving developer Momenta. Roughly $600 million of the $900 million commitment comes from external investors; XPeng will retain about 81.97% of Dogotix following the transaction, assuming no additional inflows.
Dogotix remains a subsidiary of Guangzhou-based XPeng, with co-founder He Xiaopeng continuing as CEO of both companies. The company said the proceeds will fund hardware and software development, data collection, physical-AI model training, mass-production facilities and international expansion.
IRON humanoid targets 1,000 units per month by year-end
Dogotix, founded in Shenzhen in 2016 and formally spun out this month, is building the IRON humanoid alongside quadruped and tracked robots for smart-home, logistics, power-inspection and security use cases. IRON is a 178-cm bipedal robot with 76 degrees of freedom and three in-house Turing AI chips delivering 2,250 TOPS of onboard compute paired with a proprietary physical world model.
IRON is in small-batch trial production at XPeng's Guangzhou factory, and the company has previously said it will scale to 1,000 units per month by end of 2026, with commercial deliveries starting in 2027. XPeng also unveiled a next-generation IRON in November 2025 that CEO He Xiaopeng described as being able to strut on catwalks 'more graceful than female models.'
The China humanoid capital race intensifies
Dogotix's mega-round lands in the middle of a record year for Chinese embodied-AI capital formation. Investors have committed more than $8.7 billion to humanoid robotics globally in 2026, with roughly two-thirds of that flowing to Chinese companies. Recent comparable rounds include LimX Dynamics' $200 million pre-IPO round at a $15 billion valuation and Discover Robotics' $100 million unicorn angel round. Rival automaker Leapmotor confirmed this week that it will formally announce its own humanoid business in September.
Automakers converge on humanoids
XPeng's Dogotix spinout puts it alongside Tesla — which is preparing Optimus for mass production — and Hyundai, which is testing Boston Dynamics' Atlas. BMW has already deployed Figure AI's Figure 03 after prior pilots. For carmakers, humanoids offer both a labor-scaling play inside their own factories and a natural extension of the physical-AI stack already used for advanced driver-assistance systems.
Reporting based on coverage from The Robot Report, Reuters, MarketScreener, CnEVPost and XPeng's SEC 6-K filing.