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XPeng has launched the production line for its AI-powered IRON humanoid robot, marking a shift toward mass production in China.
Chinese automakers, led by XPeng, are pivoting toward humanoid robotics as a primary profit engine to offset deepening losses in the electric vehicle market.
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Xpeng has carved out its humanoid robotics business in a record funding round, achieving a post-money valuation of $6.3 billion.
XPeng reports an 8% revenue increase for Q2, but stock prices fall as net losses nearly triple amid a strategic push into physical AI.