Chinese electric vehicle maker Xpeng sees humanoid robots as a long-term project and is considering large investments that could go up to 100 billion yuan (more than $13 billion 773 million), state media reported its CEO as saying on Monday.
CEO He Xiaopeng said on the sidelines of the annual parliamentary session that while the company’s 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, invest an additional 50 billion yuan and even 100 billion yuan,” He said, without disclosing the company’s current investment.
