Phoenix Technology News (Author/Yu Lei) August 25 - During Xpeng Group's second-quarter earnings call held yesterday, He Xiaopeng, Chairman and CEO of Xpeng Group, announced that Xpeng's humanoid robot business has completed its first round of financing, raising over $900 million with a post-investment valuation exceeding $6.3 billion, setting a new record for private equity financing in China's humanoid robot industry. This round of financing was led by IDG Capital, with participation from GaoRong Capital, and strategic investments from Tencent and Alibaba, while Xpeng Group maintains its controlling stake. He Xiaopeng also revealed that since June this year, he has personally taken on the role of CEO for the robot business, overseeing the research and development and commercialization process of this sector.
