00:00It's Benzinga bringing Wall Street to Main Street
00:02Xpeng CEO Hu Xiaopeng unveiled Iron ERL, a humanoid robot prototype at the company's AI
00:09Day that drew comparisons to Tesla's Optimus, according to the information. The humanoid
00:14robot moved so naturally during its debut that many on Chinese social media mistook it for a
00:19person in disguise. The company plans to begin mass production by the end of next year, potentially
00:23outpacing Tesla's Optimus by a year and entering the AI hardware race.
00:27Xiaopeng said Iron will serve practical roles like guiding visitors and assisting customers
00:32rather than replacing human workers. Xpeng's sales are expected to double to 400,000 vehicles this
00:38year. The firm continues to raise capital for AI and aerial ventures, including a land aircraft
00:44carrier van for 20, 26, and 200 SkyCamps for piloted electric aircraft. For all things money, visit
00:50Benzinga.com.
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