China's backflipping robot maker Unitree pops 542% in ...
Unitree is the latest high-profile Chinese tech name to hit Shanghai's STAR Market, following memory chipmaker CXMT's listing last month, when its shares soared 466% on their first day of trading.
Key takeaways
- The biggest story today is the Chinese humanoid‑robot maker Unitree Robotics’ record‑breaking IPO on Shanghai’s STAR market, where shares opened at about 1,100 yuan – more than 600 % above the 150.8‑yuan issue price – raising roughly 6.1 billion yuan (about $905 million).
- In the same week Unitree unveiled a new humanoid called “Superman,” which can jump two metres from a standstill, run up to 12.66 m / s and perform backflips, positioning it as the fastest and most agile humanoid yet.
- Analysts project China’s humanoid‑robot market to grow to $15 billion by 2030, with shipments expected to reach 50,000 units this year.
- At the same time, U.S. firms are pitching humanoid robots for southern‑border surveillance, while a recent FCC ban on new foreign‑made humanoid and quadruped robots threatens Unitree’s future U.S. sales and forces American startups to source domestically.
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Unitree is the latest high-profile Chinese tech name to hit Shanghai's STAR Market, following memory chipmaker CXMT's listing last month, when its shares soared 466% on their first day of trading.
Morgan Stanley in June raised its forecast for China's humanoid robot shipments to 50,000 units this year, nearly double its previous projection of 28,000. The bank estimated China's humanoid robot market will grow from $2 billion this year to $15 billion by 2030. The bank further expects pilot projects in China to begin moving into broader deployments in the second half of this year, with full-size humanoids forecast to account for about 30% of shipments, rising to 70% by 2028.
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