China's humanoid robot production ramps up as Lingyi iTech targets 500,000 units annually by 2030
By
Evelyn Cheng
Crisp on the outside, thoughtful on the inside. A keeper.
Summary
Chinese manufacturer Lingyi iTech has produced 300 humanoid robots at its new Beijing factory just weeks after opening, with plans to scale to 10,000 units this year and 500,000 annually by 2030. The company's Vice President Philip Yang says mass production could halve the current $30,000 price tag. Over 100 humanoid robot startups in China are competing to develop household helpers, but the industry faces a key question about market demand and who will buy these robots.
Key quotes
· 3 pulledJust weeks after opening in late April, a humanoid factory in Beijing says it's already produced 300 robots for clients
Producing robots at that scale could halve the price of a humanoid, which now runs about $30,000
Over 100 humanoid start-ups in China are racing to develop household helpers
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