XPeng (9868) may invest hundreds of billions of yuan in humanoid robots as there will be a huge demand for them in car manufacturing, its founder and chief executive He Xiaopeng said.
He noted XPeng has been deeply engaged in the humanoid robots industry for five years and is planning a long-term investment of 50 billion yuan (HK$53.51 billion) over the next 20 years, which could even reach hundreds of billions.
He compared the current state of China's humanoid robotics and embodied intelligence industries to the early stages of the country's electric vehicle sector over a decade ago, emphasizing the crucial role of national policies and regulations in the initial phase.
Meanwhile, Ant Group, the Alibaba-linked (9988) fintech giant, has launched Shanghai Ant Lingbo Technology, focusing on humanoids and embodied intelligence for industries like healthcare and elderly care.
