X Peng Ready To Invest Up To IDR 214 Trillion In Robot Humanoids

JAKARTA The Chinese electric vehicle company, XPeng, sees humanoid robots as a long-term project and considers large investments that can reach 100 billion yuan (around Rp214 trillion), according to state media reports.

XPeng CEO, He Xiaopeng, said on the sidelines of the annual parliamentary session that the company's investment is currently still relatively conservative as it is still in its early stages entering the sector. However, he stressed the readiness to invest even more, as reported by the Securities Times.

"XPeng has been involved in the humanoid robot industry for five years, maybe it will remain in this business for the next 20 years, and is ready to invest an additional 50 billion to 100 billion yuan," He said without specifying the current company's investment.

XPeng, based in Guangzhou, will enter the humanoid robot industry in 2020 and launch a humanoid robot called Iron in November 2024 to compete with Tesla Bot.

XPeng is not the only car manufacturer interested in this technology. According to Leapmotor CEO Zhu Jiangming, Leapmotor, backed by Stellantis, has formed a robotic team with dozens of members and is currently still in the early research stage. Their products are designed to be used in industrial scenarios such as assembly at the Leapmotor plant, where robots can replace human workers to improve work efficiency.

According to He, automakers can invest 1-2 billion yuan per year in scenarios that make it possible to adopt humanoid robots, as reported by Economic View on Tuesday, March 11.

Currently, the Chinese government has signaled that it wants to see technological breakthroughs in the field of humanoid robots, making this sector more attractive to investors and innovators.