XPeng (HKG:9868) is seen to invest around 50 billion yuan in humanoid robots over the next 20 years to address the demand in car manufacturing, The Standard reported Wednesday, citing Founder and Chief Executive Officer He Xiaopeng.
The Chinese electric vehicle manufacturer has already invested in humanoid robots for five years, the report said.
XPeng's investment is seen to reach hundreds of billions of yuan, the report said.
Shares fell 2% during Wednesday's afternoon trading.
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