On November 5, He Xiaopeng, the CEO of XPENG Motors, remarked that the present global automotive market has already attained a staggering scale of US$10 trillion, boasting an annual production volume of 90 million vehicles. The market's growth trajectory has predominantly been characterized by a low - sloping, linear pattern. This is largely attributable to the significant sway that safety regulations and policies exert over the automotive industry.
In stark contrast, the robot market is brimming with tremendous potential. It is anticipated to soar to a value of US$20 trillion. Once it successfully navigates past the technological and product inflection points, the robot market is poised to witness an exponential surge in growth.
