The move comes as China's EV sales slow and share prices tumble, with Xpeng's stock down over 45% this year and BYD's down over 13%. Automakers aim to reshape "capital valuation narratives" and establish a second growth curve. Xpeng plans to begin mass production of its robots by the end of this year, initially for internal use, before launching them to the broader market in China and overseas next year. Xpeng recently raised $900 million for its robotics business, valuing the unit at over $6.3 billion.