After delivering all but the finishing blow to Elon Musk’s electric vehicle empire with cutting-edge companies like BYD and Li Auto, Chinese industrialists are now setting their sights on the South African billionaire’s robotics ambitions.

Earlier this week, the Hangzhou-based tech company Unitree Robotics launched what Bloomberg calls one of the world’s “first humanoid robots for under $6,000,” the Unitree R1, at the relatively low price of just $5,900. While that’s still a major chunk of change, it’s substantially lower than the price for similar…


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Last Update: July 30, 2025