Elon Musk thinks robots are a $10 trillion business. He’s got some competition from China

Spinning bright red handkerchiefs and dancing in step to folk music, more than a dozen human-like robots took to China’s biggest stage in January, making a splashy debut at the annual Lunar New Year gala.

The remarkable performance, watched by more than a billion people, is a high-profile reminder of how far Chinese humanoid robots have come. Over the past two months, videos of the country’s humanoid robots pulling off moves such as bike rides, roundhouse kicks and side flips have blown up the internet, often amplified by state media as a key potential driver of economic growth.

Even though very few of the humanoids are in mass production, competition with Elon Musk’s Tesla, one of the acknowledged frontrunners in the field, is heating up. The promise of an “I, Robot” future, where machines handle household chores and serve as caregivers, has drawn nearly every major tech company in both the United States and China to bet on humanoids or robotics.

Microsoft, Nvidia and Amazon founder Jeff Bezos have invested in American humanoid maker Figure AI. Meanwhile, Meta is planning major investments in humanoids, according to a Bloomberg report last month.

MORE:

https://edition.cnn.com/2025/03/25/tech/china-robots-market-competitiveness-intl-hnk/index.html

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