Chinese electric vehicle (EV) maker XPeng (XPEV) is reportedly set to invest up to $13.8 billion (100 billion yuan) on humanoid robots to rival

Citi analyst Jeff Chung upgraded American depositary receipts of Chinese electric-vehicle maker XPeng to Buy from Hold.

Humanoid robots are on the brink of mass production and mainstream adoption, according to a recent Deutsche Bank report. Tesla and Figure AI are leading the charge in this transformative shift.

Chinese electric vehicle maker Xpeng sees humanoid robots as a long-term project and is considering large investments that could go up to 100 billion yuan ($13.80 billion), state media reported its CEO as saying on Monday.

CEO He Xiaopeng said that the company is considering investment in humanoid robots, potentially reaching up to $13.8B, according to a Chinese financial newspaper.  Xpeng's (NYSE:XPEV) CEO emphasized that while the current investment might seem conservative due to the early stages of the project,