XPeng Turns Humanoid Robots Into a $6.3 Billion Physical-AI Spinout

XPeng said on August 24, 2026 that its robotics business entered share-purchase agreements to raise more than $900 million at a post-money valuation above $6.3 billion. The financing gives Dogotix a standalone capital structure for humanoid robot R&D, physical-AI model training, data collection, mass-production capacity and commercialization. The system signal is that China’s EV stack is being repurposed as a humanoid-robot manufacturing and data flywheel.