XPeng raises approximately $350M Series B
XPeng raised approximately RMB 2.2 billion, then about $350 million, in Series B financing.
Evidence notes
- Alibaba, Foxconn and IDG Capital jointly led the round.
- The financing supported development and commercialization of XPeng's smart electric vehicles.
- The round strengthened XPeng's strategic backing before its later Series C financings.
Company context
XPeng is an EV manufacturer. In late 2025 it unveiled IRON, a humanoid developed using its existing autonomy stack, battery expertise, and in-house manufacturing capability.