Chinese automakers are following Tesla’s bet that robots are the next big profit machine
Chinese automakers are increasingly investing in humanoid robots, following Tesla's lead. Xpeng's robotics unit raised over $900 million, marking the largest single-round financing in China's embodied AI sector. This trend indicates a shift towards robotics, as automakers like Xpeng and BYD explore new profit avenues, with Xpeng's humanoid robot Iron aimed at commercial use.