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Former Ideal executives start a business with embodied intelligence, Li Xiang participates in the investment
The heat of funding in the embodied intelligence track continues to rise. According to incomplete statistics, in the just-passed March, companies focusing on foundational models and core hardware development received a total of 32 funding rounds, amounting to over 13 billion yuan. In this entrepreneurial track, the Li Auto group of companies has emerged as a strong contender. Recently, the Li Auto group added a new member. The 21st Century Business Herald exclusively learned from multiple independent sources that Chen Wei, the former AI Chief Scientist and head of the foundation model at Li Auto, teamed up with Zhang Xiao, the former head of the second product line, to establish a new embodied intelligence company—Xieyue Intelligence. Chen Wei serves as Chairman and CTO, while Zhang Xiao is the CEO. The company was founded in February 2026, with its Series A funding jointly invested by Yuanjing Capital and Li Auto. (21st Century Business Herald)