Chinese automakers are following Tesla’s bet that robots are the next big profit machine
SMRTR summary
Chinese automakers are racing to capitalize on the humanoid robot boom, following Tesla's lead. Xpeng's robotics unit recently raised over $900 million at a $6.3 billion valuation, while BYD unveiled its own humanoid robot and AiMOGA prepared for an IPO. Analysts say Chinese automakers bring strong manufacturing capabilities, but their biggest challenge is catching up to Tesla on the AI side.
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