Chinese EV Makers Turn to Humanoid Robots Amid Slowing Car Sales
As electric vehicle sales growth cools and share prices decline, several Chinese automakers are expanding into humanoid robotics development, according to a CNBC report.
Several Chinese electric vehicle manufacturers are shifting resources toward humanoid robotics as growth in the domestic EV market slows and their share prices come under pressure, according to a report by CNBC published Tuesday.
The report said that as sales momentum for electric cars in China has weakened, a number of automakers in the sector are ramping up investment and development efforts in humanoid robotics, seeking new avenues for growth beyond the car market.
CNBC did not specify which companies are involved or provide detailed figures on investment levels, sales trends, or timelines for robotics rollout in the excerpt reviewed.
The move comes amid broader questions about the pace of expansion in China's electric vehicle industry, which has been a major driver of the country's manufacturing sector in recent years but has more recently faced signs of a slowdown, according to the report.
Further details on the specific companies involved, the scale of their robotics investments, and market reaction were not immediately available.
Sources
- China's EV makers shift gears to focus on humanoids as car market slows — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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