China's EV giants are betting big on humanoid robots

According to statistics from Shenzhen New Strategy Media's Industrial Research Institute, there were over 160 humanoid-robot manufacturers worldwide as of June 2024, of which more than 60 were in China, more than 30 in the United States, and about 40 in Europe. In addition to having the largest number of manufacturers, China stands out for the way its EV sector is backing most of these robotics companies. Thanks in part to substantial government subsidies and concerted efforts from the tech sector, China has emerged as the world's largest EV market and manufacturer. In 2024, 54% of cars sold in China were electric or hybrid, compared with 8% in the US. China also became the first nation to reach an annual production of 10 million "new energy vehicles" (NEVs), a category that includes all vehicles powered partly or entirely by electricity.