The funding round is led by IDG Capital, alongside Gaorong Ventures  Tencent and Alibaba are coming on board as strategic investors.

How the round breaks down

Of the $900 million committed to Dogotix :

  • $600 million comes from external investors 
  • $200 million from an XPeng subsidiary 
  • $100 million from entities linked to He Xiaopeng and Brian Gu.

Once the deal completes, XPeng retains roughly 81.97 % of the share capital excluding additional investment, a stake that could fall to around 68.41 % if all warrants were exercised and the incentive plan fully used.

Scope and product timeline

According to CnEVPost, Dogotix’s remit covers humanoid, bipedal and quadrupedal robots as well as tracked machines. Remaining with XPeng are cars, flying vehicles, the robotaxi and chips, among others.

On the product side, the IRON humanoid boasts 76 degrees of freedom (DOF) across the whole body and 21 DOF per hand. It carries three Turing chips delivering up to 2 250 TOPS.

XPeng is aiming to start mass production of IRON by the end of 2026, with monthly capacity of more than 1 000 units. The initial rollout is planned for its own stores and campuses, ahead of commercial deliveries in China and internationally in 2027.

The fundraising comes as the group reports, for the second quarter ended June 2026, a net loss of 1.34 billion yuan, up 179 % year on year, on revenue of 19.7 billion yuan, up 8 %, with research and development spending up 32.1 %.

Sources : XPeng press release (via PR Newswire), CnEVPost, South China Morning Post.