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...
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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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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