XPeng CEO Eyes 60K Monthly Car Sales, Robot Arm Raises $900M
At XPeng Group's mid-2026 earnings call on the evening of August 24, CEO He Xiaopeng devoted significant time to robotics, an unexpected shift for the automaker. During the call, XPeng Robotics announced the completion of its first funding round, raising over $900 million at a valuation exceeding $6.3 billion.
He described the IRON humanoid robot as a potential core growth engine for the group, noting that its per-unit profit margin is expected to be significantly higher than that of automobiles. The company also reiterated its sales target of 60,000 cars per month, signaling ambitious expansion across both automotive and robotic ventures.