Shares in Chinese humanoid robot maker Unitree soar ...

Shares of Unitree, one of China's largest humanoid robot makers, have soared as much as 629% in its public stock trading debut in Shanghai

HONG KONG -- Shares of Unitree, one of China's largest humanoid robot makers, initially soared as much as 629% in its public stock trading debut Wednesday in Shanghai, in the latest highlight of investor optimism over China’s technological advances. Last year, the U.S. accounted for roughly 13% of Unitree’s revenue, the company said. But that was before the U.S. Federal Communications Commission banned imports of new foreign-made humanoid and quadruped robots in July on national security grounds.

Unitree cautioned that the U.S. ban, which it said applies to its new models, could affect its future sales in the U.S. market. Existing models of its advanced robots can still be sold, but Unitree faces the risk that the U.S. could further expand its restrictions.

ABC News

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