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Market Chatter: XPeng CEO to Lead Robotics Unit With Humanoid Mass Production by Year-End

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XPeng (XPEV) CEO He Xiaopeng said he will personally lead the company's robotics business as the Chinese electric vehicle maker pushes toward mass production by the end of 2026, Reuters reported Wednesday, citing an internal letter.

He Xiaopeng said the decision to take on the role of CEO of the robotics unit, effective immediately, comes "on the eve of mass production and commercialisation" of XPeng's humanlike IRON robots, which debuted last year.

XPeng has set a goal of starting mass production of IRON robots by the end of 2026, the report added.

XPeng did not immediately respond to a request for a comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $15.14, Change: $-0.35, Percent Change: -2.23%

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