Former Alibaba and Li Auto executives have joined forces to start a new company focusing on the field of embodied intelligence.

Former Alibaba Vice President Ren Geng and former Li Auto Intelligent Driving Vice President Lang Xianpeng have joined forces to launch a new company, aiming to compete directly with Tesla's humanoid robots. The combination of Ren Geng and Lang Xianpeng is considered a "game-changer" in the embody intelligence industry, and they will be dedicated to promoting the industrialization of embody intelligence technology. The new company has already secured investment from several top-tier institutions, and multiple rounds of financing have been oversubscribed.