Humanoid Robots: Chinese OEMs Race for Next‑Generation Profit Growth
The hype surrounding humanoid robots is hardly new, fueled largely by Tesla’s Optimus and viral demo clips from Boston Dynamics’ Atlas. Beneath the buzz lies tangible technical progress: robot physical performance keeps improving, and LLM‑derived AI enables complex robots to learn diverse real‑world tasks. Driven by these advances, a wave of new entrants — notably Chinese automakers — are betting big on commercial profits from humanoid robots. Xpeng’s robotics division secured over $900 million in fresh funding, hitting a $6.3‑billion post‑money valuation. Backed by IDG Capital, Gaorong Ventures, Tencent and Alibaba, it marks China’s largest‑ever single financing round for embodied AI. Xpeng’s founders He Xiaopeng and Brian Gu also personally invested roughly $100 million in this round to back Iron,...
