Chinese humanoid robot maker Unitree jumps 460% in – Business News
Leading Chinese robotics firm Unitree – recognized for its backflipping humanoid robots and robotic canine – surged 460% on Wednesday after making its public debut in Shanghai.
Unitree – whose dexterous robots have gone viral with shows of dancing and martial arts, whereas raising national security considerations in Congress – raised 6.1 billion yuan, or about $904 million, in its public debut.
The Hangzhou-based firm is the primary robotics firm from mainland China to go public, with traders together with AI firm DeepSeek and tech giant Tencent.
Unitree shares surged 460% in their trading debut. Getty Images
The monster public debut got here simply two days after Unitree unveiled a next-gen humanoid robot it calls “Superman,” which is purportedly succesful of leaping more than six toes in the air and working at more than 28 miles per hour.
“The mass-production inflection point appears close,” JPMorgan Chase & Co. analysts mentioned in a be aware, in keeping with Bloomberg.
Wang Xingxing, Unitree’s 36-year-old CEO, noticed his personal wealth surge as high as $16 billion during the blockbuster trading debut, in keeping with Forbes.
The company generated about $250 million in income final yr, with about 13% of that complete coming from the US, in keeping with disclosures.
In the US, Elon Musk’s Tesla has unveiled plans to construct enormous numbers of “Optimus” humanoid robots, however they’ve but to enter mass manufacturing.
As The Post reported back in 2024, US officers have grown more and more involved concerning the speedy progress of humanoid robots made by Unitree and different China-based companies.
US critics have alleged that humanoid robots constructed by Unitree and different Chinese companies are a potential national security risk. ANDRES MARTINEZ CASARES/EPA/Shutterstock
Unitree manufactures humanoid robots and “robot dogs” that may carry out numerous duties. AFP through Getty Images
Some have voiced fears that the Chinese Communist Party or state-sponsored unhealthy actors may use them to sabotage essential infrastructure or spy.
Last month, the FCC banned imports of foreign-made humanoid robots and “robot dogs” in what was extensively seen as a measure focusing on China, which controls about 85% of the worldwide market.
FCC Chairman Brendan Carr mentioned the ban, which solely applies to “new versions” of the robots, was meant to “secure America’s critical supply chains.”
Elsewhere, the Pentagon in June added Unitree to a checklist of corporations that work with the Chinese army.
With Post wires
