IDG Capital led a $100m Series A round in XPENG Robotics.

IDG Capital, an investment firm, led a $100m Series A round in XPENG Robotics, a robotics maker. "Development of the robotics sector is propelled by breakneck progress in science and technology. XPENG Robotics is committed to establishing a holistic ecosystem for intelligent robots. The completion of our Series A fundraising reflects the capital market's expectations, and is a vote of confidence in the prospects for this sector. It also represents the full recognition of our strength in R&D as well as our capability for future commercialization,” Xu Zhigen, XPENG Robotics CEO.