The article discusses how Tesla’s Chinese electric vehicle (EV) competitors are racing to develop their own humanoid robots, aiming to rival Tesla’s Optimus robot by 2024. Key points include: 1) Xiaomi, a major Chinese tech company, plans to unveil a prototype humanoid robot in 2023 and mass-produce it in 2024. 2) Xiaomi’s robot will be designed for domestic and commercial applications, such as elderly care and factory work. 3) Xiaomi’s CEO believes humanoid robots will become a ’trillion-dollar’ market. 4) Xiaomi’s robot will likely be cheaper than Tesla’s Optimus, which is expected to cost around $20,000. 5) Other Chinese companies like Ubtech and Youibot are also developing humanoid robots for various applications. 6) The race to develop humanoid robots highlights China’s ambitions in advanced technologies like AI and robotics.
Source: https://www.businessinsider.com/tesla-chinese-ev-competitors-build-optimus-rivals-2024-11