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China

XPeng Robotics raises over USD 900 million in first funding round; IRON to enter mass production by end-2026

On August 24, XPeng Inc. (XPeng) announced that its humanoid robotics business has entered into equity financing agreements with multiple investors.
The round marks the first funding round for XPeng’s robotics business. It was led by IDG Capital, with participation from Gaorong Ventures and support from Tencent Holdi....

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