On November 18th, He Xiaopeng, the Chairman and CEO of XPeng Motors, expressed his view that, in the long haul, the robot market's potential could outstrip that of the automotive market. Once the robot industry reaches a pivotal turning point akin to the electrification milestone in China's electric vehicle sector, it is poised to witness explosive growth.

Looking ahead, some robot companies are likely to emerge from established complete vehicle manufacturers. Moreover, scaling up robot production capacity is expected to be a less daunting task compared to automobile manufacturing. When XPeng Motors was gearing up for mass robot production in the first half of this year, it discovered that the robot's Bill of Materials (BOM) cost would eventually converge with that of automobiles. The primary cost disparity between the two sectors lies in the software domain. Automotive software costs constitute a mere 10% of the total, whereas robot software costs can soar as high as 50%.

He Xiaopeng revealed that, in the future, XPeng aims to set its robot pricing in a way that it closely aligns with automobile pricing, with the goal of making robots accessible to thousands of households.