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XPeng bets robots will be more profitable than its cars

XPeng Co-President Brian Gu thinks its margins will eventually eclipse those of the core electric-vehicle business.

Prefer HTon Google

XPeng carved out a space in China’s car market with autonomous driving. But it’s robots, not vehicles, that could become the company’s biggest money maker.

Though the U.S.-listed company’s robotics unit has yet to generate meaningful revenue, XPeng Co-President Brian Gu thinks its margins will eventually eclipse those of the core electric-vehicle business.

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