00:00It's Benzinga bringing Wall Street to Main Street.
00:02Xpeng has commissioned production lines for its IRON, humanoid robot, as it targets mass production by the end of 2026,
00:10according to Benzinga.
00:11The company said Monday that an I-RON unit completed production and walked off the line autonomously.
00:18The Tesla rival said more than 80% of core production processes are automated and use quality systems adapted from
00:24its vehicle operations.
00:25Initial deployments are planned for Xpeng stores and campuses before an official launch and deliveries in China and overseas markets
00:33in 2027.
00:34The company said monthly production capacity could reach several thousand units in 2027, depending on demand.
00:41Xpeng's robotics business raised more than $900 million in August at a valuation above $6.3 billion to support development,
00:49production and commercialization.
00:51For all things money, visit Benzinga.com.
