Xpeng to Mass Produce Humanoid Robots by Year-End as EV Margins Sink to 1.5%
Updated
Updated · CNBC · Sep 9
Xpeng to Mass Produce Humanoid Robots by Year-End as EV Margins Sink to 1.5%
3 articles · Updated · CNBC · Sep 9
Summary
Xpeng said it will start mass-producing humanoid robots by the end of 2026, deploying them first in its own stores and business venues before a broader China and overseas launch next year.
The push comes as China's EV market slows sharply: vehicle manufacturing margins averaged just 1.5% in the first half, while Xpeng shares have fallen more than 45% this year and BYD is down over 13%.
Chinese automakers now make up more than half of the nearly 20 global car companies that have entered humanoid robotics, using overlap in motors, chips and software to seek a second growth engine.
Xpeng last month raised $900 million for its robotics unit at a valuation above $6.3 billion, but investors remain cautious as external orders are still unclear and analysts say broad humanoid commercialization could take years.