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December 30, 2025

Elon Musk envisions humanoid robots everywhere. China may be the first to make it a reality - CNBC

The company is listed on the Hong Kong stock exchange and this month carried out a share placement to raise around $400 million to fund its expansion.

Elon Musk envisions humanoid robots everywhere. China may be the first to make it a reality - CNBC - Image 1
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Key takeaways

Humanoid robots are poised to become household fixtures this year, with the first consumer‑grade units expected to ship later in 2026 at a price of about $20,000. Companies such as Agility Robotics and Tesla are leading the push, and the NEO Gamma model—standing 5 ft 6 in, equipped with camera‑filled “eyes,” and capable of folding shirts, answering doors, delivering coffee and handling strenuous factory tasks—has already attracted early‑adopter orders. Boston Dynamics, backed by Hyundai, has also demonstrated its Atlas humanoid in a real‑world setting: an October 2025 trial at Hyundai’s Georgia plant saw a 5‑ft‑9‑in, 200‑lb robot autonomously sort roof‑rack components on an assembly line, underscoring the move toward general‑purpose, AI‑driven machines. Industry analysts predict rapid market expansion, with Goldman Sachs estimating the humanoid sector could be worth $38 billion within the decade, while venture capital is flowing heavily into both industrial and consumer applications. Despite the excitement, safety remains a key concern, as recent incidents involving robot malfunctions have highlighted the need for robust safeguards before these devices become ubiquitous in homes and workplaces.

The company is listed on the Hong Kong stock exchange and this month carried out a share placement to raise around $400 million to fund its expansion. UBTech plans to deliver 500 industrial robots this year and ramp up production of its humanoid robots to 5,000 in 2026 and 10,000 in 2027, the South China Morning Post reported in November.

AgiBot is another player that said this month its 5,000th humanoid robot rolled off the production line. Xpeng displayed its humanoid robot called "Iron" at the IAA auto show in Munich, Germany on September 8, 2025.

Arjun Kharpal | CNBC

Chinese electric vehicle maker Xpeng also debuted its second-generation humanoid robot called Iron last month, and plans to begin mass production of the product next year.

There are more than 150 humanoid robot companies in China, but these are among the biggest.

China vs U.S. advantages An engineer debugs robots at the factory of AgiBot, a leading robotics company specializing in embodied intelligence, on December 8, 2025 in Shanghai, China. (Photo by Tang Yanjun/China News Service/VCG via Getty Images)

Tang Yanjun | China News Service | China News Service | Getty Images

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