Source: International Business Times
Chinese electric-vehicle makers are expanding into humanoid robotics as companies look beyond their core auto businesses for new areas of growth. Jason Redmond/AFP via Getty Images Chinese electric-vehicle makers are expanding into humanoid robots as intense competition and weaker profitability put pressure on their car businesses, with companies including XPeng, Xiaomi and Geely looking for new uses for technology developed for intelligent vehicles. Automakers in the country accounted for more than half of the nearly 20 car companies worldwide that had entered humanoid robotics through direct development, investments or incubation as of August, Counterpoint Research data cited by CNBC showed.
