Here Come The Smart Robots

CEO He Xiaopeng said on the sidelines of the annual parliamentary session that while the companys current investment could be considered conservative given how it was in the early stages of entering the sector, it was ready to invest much more, the Securities Times reported.

Xpeng has been working in the humanoid robot industry for five years, may continue to be in the business for another 20 years, and may invest additional C50-billion and even C100-billion, he said, without disclosing the companys current investment.

The Guangzhou-based EV maker entered the humanoid robot industry in 2020 and unveiled its humanoid Iron in November to rival Tesla Bot.

Xpeng is among an increasing number of car makers betting on humanoids, which Chinese policymakers have signalled as an area they want to see tech breakthroughs in.