UBTECH Robotics

• CADEBOT L100
• Cruzr 1S
• Cruzr S2

  wheeled

• Panda Robot

  education

• UWORLD U1

  UWORLD

• Walker C

  commercial

• Walker C1

  Walker

• Walker S

  industrial

• Walker S1

  industrial

• Walker S2

  industrial

• Walker X

  commercial

• Target 2025 Humanoid Shipments

  500 robots targeted for delivery in 2025 - 2025-11-17 - UBTECH said Walker S2 mass production and delivery had begun and that the milestone moved the company toward a target of delivering 500 units within 2025. This is a delivery target, not confirmed delivered units. - source posture: Company Disclosed

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• Factory Tour Floor Area

  Approximately 14,000 m² factory area - 2026-10-01 - The UBTECH factory shown in the official tour occupies approximately 14,000 square metres. - source posture: Company Disclosed

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• Factory Tour Potential Monthly Humanoid Capacity

  Around 1,500 humanoids/month potential maximum capacity - 2026-10-01 - UBTECH describes potential maximum capacity around 1,500 humanoids per month; achieved monthly output is not disclosed. - source posture: Company Disclosed

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• Liuzhou Super Smart Factory Planned Annual Capacity

  More than 10,000 robots/year planned capacity - 2026-09-12 - UBTECH Liuzhou Super Smart Factory - humanoid robot manufacturing - UBTECH’s commissioned Liuzhou Super Smart Factory has planned annual capacity above 10,000 Walker S-series industrial humanoid robots; the production line is designed for one completed robot every 10 minutes. - source posture: Third Party Reported

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• Walker S2 1000 Unit Level Delivery

  1,000-unit-level production and delivery milestone - 2026-04-21 - UBTECH filing language says the 1,000-unit-level small-scale mass production and delivery of Walker S2 marked maturity and stability of its manufacturing process. Korthos treats this as a filing-disclosed scale milestone, not audited installed base. - source posture: Filing Disclosed

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• Reported 2025 Annualised Full Size Humanoid Capacity

  more than 6,000 robots/year annualised capacity - 2026-03-31 - UBTECH reported annualised production capacity above 6,000 full-size embodied intelligent humanoid robots at 31 December 2025. - source posture: Filing Disclosed

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• Target Annual Capacity Robots

  10,000 robots/year - 2025-11-17 - Walker S2 manufacturing - UBTECH said its Walker S2 ramp-up plan scales to 10,000 industrial humanoid units by 2027. This is a forward target and should be compared separately from reported output. - source posture: Company Disclosed

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• Reported Batch Delivered Robots

  several hundred Walker S2 robots in first batch - 2025-11-17 - industrial humanoid deployment - UBTECH said it began mass production and delivery of the first batch of several hundred full-size Walker S2 industrial humanoid robots for phased deployment in frontline industrial applications. - source posture: Company Disclosed

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• Walker S2 Produced Count

  1,000th Walker S2 produced - 2025-12-26 - customers - humanoid production - UBTECH celebrated production of the 1,000th Walker S2 humanoid robot, with more than 500 units delivered and operational and a 10,000-unit annual capacity target for 2026. - source posture: Company Disclosed

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• Reported H1 2026 Full Size Humanoid Sales Units

  921 full-size humanoid units sold in H1 2026 - 2026-08-28 - UBTECH reported 921 full-size embodied intelligent humanoid units sold in H1 2026. This is a portfolio sales measure; the filing describes both wheeled and bipedal products and does not allocate the total to individual models. - source posture: Filing Disclosed

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• Reported H1 2026 Total Humanoid Sales Units

  16,123 total humanoid units sold in H1 2026 - 2026-08-28 - UBTECH reported 16,123 total humanoid sales across its broader humanoid portfolio in the first half of 2026. - source posture: Third Party Reported

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• Reported 2025 Full Size Humanoid Sales Units

  1,079 full-size humanoid units sold in 2025 - 2026-03-31 - UBTECH reported sales volume of 1,079 full-size embodied intelligent humanoid robot units for 2025. - source posture: Filing Disclosed

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• Named Pilot Site

  1 named pilot site - 2026-03-26 - ROSSMANN - logistics - ROSSMANN said it received a UBTECH Walker S2 humanoid robot for testing at its Burgwedel logistics center, supported by Terra Robotics. - source posture: Customer Disclosed

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• Named Pilot Site

  1 named pilot site - 2026-01-19 - Airbus - aerospace manufacturing - Forbes reported, citing Bloomberg, that Airbus purchased UBTECH Walker S2 humanoid robots for testing in aircraft manufacturing production processes. The public report names the customer but does not disclose robot count. - source posture: Third Party Reported

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• Named Commercial Site

  1 named commercial site - 2025-11-17 - Zigong data collection center - data collection / industrial operations - UBTECH disclosed a recent contract to deploy Walker S2 robots at a data collection center in Zigong, valued at 159 million yuan. Public materials do not disclose robot count. - source posture: Company Disclosed

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• Consecutive Operating Days

  21 consecutive operating days - 2024-08-06 - Zeekr - automotive factory logistics - Walker S Lite operated for 21 consecutive days at a Zeekr factory loading workstation, handling cargo packing and securing tasks. - source posture: Third Party Reported

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• Deployment Status

  UBTECH documented Walker S2 operating at SANY Renewable Energy’s 5G wind-power smart factory for bolt-sleeve handling… - UBTECH documented Walker S2 operating at SANY Renewable Energy’s 5G wind-power smart factory for bolt-sleeve handling, sorting, conveyor placement and tray transfer. - source posture: Company Disclosed

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Supply chain relationships

• Intel

  Inbound - Compute & Control - UBTECH's Panda Robot uses two Intel Core i7-8665U processors

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• Intel

  Inbound - Compute & Control - UBTECH Walker X uses two Intel Core i7-8665U processors

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• NVIDIA

  Inbound - Compute & Control - UBTECH Walker X uses an NVIDIA GT1030 graphics card

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• NVIDIA

  Inbound - Compute & Control - Panda Robot uses NVIDIA GT1030 graphics card

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• Baidu

  Inbound - Compute & Control - Baidu ERNIE Bot is integrated into UBTECH Walker S to support natural speech and real-time reasoning

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• Blue Point Touch

  Inbound - Sensing Perception - Blue Point Touch supplies force/torque sensors to UBTECH Robotics; exact sensor and robot models are undisclosed

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• Newstart Gear Motion

  Inbound - Motion Control - Newstart sold precision planetary reducers to UBTECH-controlled buyers in 2025

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• Kinco Automation

  Inbound - actuation and motion control - Kinco frameless torque motors are in batch use in UBTECH humanoid robots

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• SLAMTEC

  Inbound - Perception - The original UBTECH Cruzr used SLAMTEC lidar for mobile navigation

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• D-Robotics

  Inbound - Compute & Control - UBTECH adopted D-Robotics Sunrise S600 for embodied-AI computing

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• Topband

  Inbound - actuation and motion control - Topband supplies reducer, encoder and lead-screw actuator assemblies to UBTECH Robotics

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• Far East Electric

  Inbound - electronics and robotics components - Far East Electric robot cables are installed in UBTECH humanoid products

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• Kunwei Technology

  Inbound - Force Sensing - Kunwei supplied HRS humanoid force sensors in bulk to UBTECH Robotics

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• Topband

  Inbound - actuation and motion control - Topband supplies coreless motors to UBTECH Robotics

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• Xingyuan Zhuomei

  Inbound - Structural Components - Xingyuan Zhuomei magnesium robot components are applied in UBTECH robots; exact parts are undisclosed

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• Leaderdrive

  Inbound - robotic motion components - Leaderdrive supplied harmonic reducers for UBTECH robot joints

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• Tuopu Group

  Inbound - actuation and motion control - Tuopu Group and UBTECH are linked through humanoid robotics supply-chain activity

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• Terra Robotics

  Outbound - Oem Builders - Terra Robotics purchased an initial batch of several dozen UBTECH humanoid robots for distribution and industrial deployment in central Europe

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• 2018-05-03 - Series C - $820M - UBTECH raises USD820M Series C at USD5B valuation

  UBTECH Robotics raised $820 million in Series C funding at a $5 billion valuation. - source: roboticstomorrow.com

• 2017-11-17 - Series C first close - $40M - UBTECH raises USD40M in Tencent-led financing

  UBTECH raised USD40 million in a Tencent-led Series C financing. - source: technode.com

• 2016-07-25 - Series B - $100M - UBTECH raises USD100M Series B at USD1B valuation

  UBTECH raised USD100 million in a Series B led by CDH Investments at a reported USD1 billion valuation. - source: globalprivatecapital.org

• 2015-12-01 - Series A - $20M - UBTECH raises USD20M Series A

  UBTECH raised USD20 million in its Series A financing. - source: seedtable.com

• 2014-10-30 - Pre-A - UBTECH completes CNY20.59M Pre-A financing

  UBTECH completed four Pre-A primary subscription closings totaling CNY20.59 million between October 2013 and October 2014. - source: www1.hkexnews.hk

• CDH Investments - Lead - Angel / Individual - 2 funding events - repeat backer - first seen 2016-07-25 - latest 2018-05-03
• Tencent - Lead - Unknown - 2 funding events - repeat backer - first seen 2017-11-17 - latest 2018-05-03
• CITIC Securities - Participant - Angel / Individual - 1 funding event - first seen 2016-07-25
• Green Pine Capital - Participant - VC - 1 funding event - first seen 2018-05-03
• Haier - Participant - Unknown - 1 funding event - first seen 2018-05-03
• Leaguer Huarui - Participant - Angel / Individual - 1 funding event - first seen 2014-10-30
• Minsheng Securities - Participant - Angel / Individual - 1 funding event - first seen 2018-05-03
• Qiming Venture Partners - Participant - VC - 1 funding event - first seen 2015-12-01
• Telstra Ventures - Participant - VC - 1 funding event - first seen 2018-05-03
• Zhao Guoqun - Participant - Angel / Individual - 1 funding event - first seen 2014-10-30
• Zhengxuan Investment - Participant - Angel / Individual - 1 funding event - first seen 2014-10-30

• 9880.HK - HKEX

• Zhou Jian - Chairman of the Board, Executive Director and CEO - Zhou leads UBTECH humanoid and service-robot strategy, including Walker-series commercialization and industrial humanoid deployment milestones.

Events

• 2026-10-10 - Partnership - UBTECH and C&D plan humanoid robotics joint venture in Fujian

  The planned venture will operate a regional technology centre combining maintenance, training, application development, equipment rental and sales, and competitions. The partners intend to apply robots within C&D’s supply-chain and property businesses; the 10,000-unit figure is a shared sales goal through 2030.

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• 2026-10-08 - Partnership - UBTECH and FAW-Volkswagen expand humanoid cooperation into logistics

  The work extends a relationship that previously brought Walker S Lite into vehicle-quality inspection training at FAW-Volkswagen's Qingdao plant. UBTECH's industrial robot architecture combines embodied reasoning, motion control, robot hardware and multi-robot intelligence.

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• 2026-10-01 - Production Milestone - UBTECH factory tour outlines potential capacity of around 1,500 humanoids per month

  At maximum capacity, the line is designed to complete a humanoid every eight to ten minutes. The tour shows Cruzr Y1 material handling, Cruzr S2 sorting and assembly, and U7 Wally forklift transport. Siemens supports the digital-factory system.

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• 2026-09-12 - Facility Opening - UBTECH commissions 10,000-unit-scale humanoid factory in Liuzhou

  The line is designed to complete one robot every 10 minutes, with planned annual capacity exceeding 10,000 units. The 14,000-square-metre facility uses a conveyor-free assembly layout that can be reconfigured for different robot models. Mobile manipulators and AGVs handle material kitting and internal logistics as part of the factory’s “robots building robots” production system.

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• 2026-08-28 - Market Signal - UBTECH reports CNY1.27B H1 revenue as full-size humanoid sales reach 921 units

  Full-size embodied-intelligent humanoid products and services generated CNY590.3 million, representing 46.5% of group revenue compared with 6.1% a year earlier. Gross profit rose 160.9% to CNY566.9 million and gross margin increased 9.7 percentage points to 44.7%, while the period loss narrowed 23.0% to CNY338.8 million. Research and development expense increased 38.9% to CNY303.1 million, equivalent to 23.9% of revenue.

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• 2026-07-13 - Partnership - UBTECH and Hitachi begin Walker S2 manufacturing validation

  The agreement covers joint exploration across Hitachi fields including elevators, industrial equipment, healthcare and semiconductor-manufacturing equipment. Hitachi introduced Walker S2 into selected manufacturing environments for operational testing and application validation. Hitachi China Research Institute, UBTECH and Hitachi Elevator began secondary development work on an elevator manufacturing floor.

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• 2026-07-13 - Deployment - UBTECH deploys Walker S2 into ROSSMANN logistics center in Europe pilot with Terra Robotics

  UBTECH said its industrial humanoid robot Walker S2 has entered a ROSSMANN logistics center in Europe. The deployment is being carried out via Terra Robotics, which UBTECH described as its strategic partner. UBTECH described the project as Europe's first large-scale pilot for humanoid robots in a live retail logistics environment.

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• 2026-07-13 - Partnership - Manifold AI and UBTECH partner to commercialize world-model robotics

  The agreement covers embodied-AI deployment across generalized multi-industry scenarios and a closed data loop for world models. Manifold AI brings its WorldScape model family, while UBTECH contributes robot platforms and mass-production capability. The partners plan to begin with integrated e-commerce and logistics solutions designed for volume production and profitable deployment.

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• 2026-07-08 - Partnership - UBTECH and Shenhao partner on humanoids for power-grid operations

  The companies will target substations, distribution rooms and other State Grid and China Southern Power Grid operation scenarios. The cooperation combines UBTECH humanoid robotics with Shenhao Technology's power-industry integration and deployment experience. The agreement includes plans for soft-hardware integrated power-scenario solutions and a joint innovation laboratory for embodied-intelligence power applications.

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• 2026-06-30 - Product Launch - UBTECH UWORLD launches U1 humanoid companion robot and reports over 11,000 orders

  Chinese coverage reports more than 11,000 U1 orders by launch day. The U1 is positioned as a consumer companion humanoid under UBTECH’s UWORLD brand. First deliveries are targeted from mid-September 2026.

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• 2026-04-14 - Market Signal - UBTECH reports 2025 annual results with humanoid robots as its largest revenue source

  UBTECH reported 2025 revenue of RMB 2.001 billion, up 53.3% year over year, with humanoid robots becoming the company''s largest revenue source at 41.1% of total revenue. Revenue from full-size embodied intelligent humanoid robots reached about RMB 821 million, up 2203.7% year over year, with 1,079 units sold. The results mark a major commercialization milestone for UBTECH''s Walker humanoid platform, with the company framing itself as the global leader in full-size non-remote-controlled humanoid robot revenue and deliveries.

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• 2026-04-07 - Partnership - UBTECH subsidiary UQI signs strategic cooperation agreement with Honda Trading China

  UBTECH, through its smart logistics subsidiary UQI, signed a strategic cooperation agreement with Honda Trading (China) Co., Ltd. focused on embodied AI deployment in industrial environments. The two sides said they will explore the use of humanoid robots and autonomous logistics vehicles across manufacturing, warehousing, and logistics scenarios tied to industrial supply-chain operations.

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• 2026-03-17 - Deployment - Walker S2 has entered a ROSSMANN logistics center as part of a live pilot in retail logistics

  ROSSMANN says it received the Walker S2 on 17 March 2026 at its Burgwedel logistics operation, with Terra Robotics supporting technical implementation. The year-long pilot will test the robot in existing logistics workflows and evaluate support for repetitive and physically unergonomic tasks. ROSSMANN is following a roadmap from initial use cases through practical deployment and assessment of a possible broader rollout.

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• 2026-01-21 - Partnership - UBTECH signs Airbus cooperation agreement for aviation manufacturing

  UBTECH and Airbus agreed to collaborate on aviation-manufacturing robot applications. The agreement expands UBTECH's industrial humanoid deployment footprint. The partnership targets manufacturing efficiency and automation in aerospace operations.

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• 2026-01-21 - Market Signal - UBTECH says 2025 humanoid robot orders exceeded RMB1.4 billion

  UBTECH recorded more than RMB 1.4 billion in humanoid robot orders in 2025. UBTECH expected production capacity to exceed 10,000 units in 2026. Chinese robotics manufacturer known for AI-powered humanoid robots (e.g., Walker series), service robots, educational kits, and smart robotic solutions across industries including logistics, healthcare, and STEM education.

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• 2025-12-24 - Acquisition - UBTECH acquires controlling stake in Zhejiang Fenglong Electric

  UBTECH announced a controlling-stake acquisition in Zhejiang Fenglong Electric. The transaction is positioned as a supply-chain and manufacturing-scale move. The deal supports UBTECH's humanoid commercialization and production strategy.

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• 2025-12-15 - Deployment - Texas Instruments signs agreement with UBTECH and deploys Walker S2 in semiconductor manufacturing

  Texas Instruments has begun deploying UBTECH's Walker S2 humanoid robots on its semiconductor production lines. The Walker S2 stands approximately 1.76 meters tall and is equipped with dexterous arms and hands designed for manufacturing tasks. This deployment marks UBTECH's expansion into the semiconductor industry, following previous applications in automotive manufacturing and logistics.

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• 2025-12-03 - Partnership - Agroz and UBTECH launch Agroz Robotics for AI-enabled farm automation

  Agroz and UBTECH announced a new robotics collaboration for farming automation. The partnership integrates AI robotics into an operating-system layer for farm operations. Initial scope includes automation across seeding, monitoring, and harvesting workflows.

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• 2025-12-02 - Market Signal - UBTECH completes December 2025 H-share placement with HK$3.056B net proceeds

  Completion took place on 2 December 2025; UBTECH placed 31,468,000 new H shares at HK$98.80 each with no fewer than six independent placees. Net proceeds were approximately HK$3,055.71 million, with HK$2,291.78 million allocated to potential upstream or downstream targets and related industry integration, and HK$305.57 million to repay credit facilities. The filing also allocates HK$458.36 million to business operation and development and HK$319.47 million to working capital and general corporate purposes; this was a post-IPO placement rather than a private financing round.

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• 2025-11-25 - Contract Award - UBTech Secures $37 Million Contract to Deploy Humanoid Robots at China-Vietnam Border

  UBTech Robotics signed a 264 million yuan (US$37 million) deal to deploy humanoid robots at border crossings between China and Vietnam. The Walker S2 robots will assist with traveler guidance, personnel flow management, patrols, logistics operations, and commercial services. Deliveries are expected to begin in December 2025, with plans to deploy the robots at manufacturing sites for steel, copper, and aluminum inspections.

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• 2025-11-17 - Production Milestone - UBTECH begins mass production and delivery of Walker S2

  UBTECH announced mass production and first-batch delivery of Walker S2 industrial humanoid robots. The announcement states orders exceeded RMB 800 million and sets a target of 500 units delivered within the year.

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• 2025-10-29 - Deployment - UBTECH showcases Chitu unmanned logistics vehicle and automated manufacturing process

  What is Chitu α Chitu α, also known as Chitu or Chitu L4, is an L4-level autonomous logistics vehicle and a key component of UBTECH’s full-stack robotics solution for smart factories In BYD’s Changsha industrial park, UBTECH reports that Walker S1/S2, Wali heavy‑duty forklifts, and the L4 Chitu vehicle achieved a fully automated, integrated indoor‑to‑outdoor process , from sorting and palletizing to. The full-stack autonomous system UBTECH’s UQI subsidiary unveiled its "Full-Stack Unmanned Logistics Solution 2.0," integrating its Walker S2 humanoid, Chitu α delivery vehicle, and the new Wali mobile robot family.

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• 2025-07-28 - Market Signal - UBTECH completes July 2025 H-share placement with HK$2.410B net proceeds

  Completion took place on 28 July 2025; UBTECH placed 30,155,450 new H shares at HK$82.00 each with no fewer than six independent placees. Net proceeds were approximately HK$2,410.26 million after fees, including HK$1,933.91 million allocated to business operation and development and HK$476.35 million to repay credit facilities. The business-development allocation covered working capital and general corporate purposes, project construction and renovation, and offshore or onshore investments; this was a post-IPO placement rather than a private financing round.

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• 2025-07-23 - Product Launch - UBTECH launches Walker S2 with autonomous battery swapping

  Walker S2 introduces autonomous battery swapping for near-continuous operation. The release targets industrial environments requiring sustained robot uptime. UBTECH positions the platform for broader factory and logistics deployment.

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• 2025-05-12 - Partnership - Huawei, UBTech partner to speed up humanoid robots, open innovation center

  Huawei and UBTech signed a partnership to jointly develop humanoid robotics using Huawei's AI infrastructure and UBTech's robotics platforms. An innovation center focused on embodied intelligence will be established to accelerate humanoid robot development for factories and homes. UBTech shares rose ~10% on the announcement, reflecting market confidence in the strategic collaboration.

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• 2025-04-24 - Contract Award - UBTECH signs first small-batch industrial humanoid contract

  The contract covers large bipedal robots for factory manufacturing and commercial hospitality needs. UBTECH disclosed that it had received the purchaser’s advance payment. The announcement did not disclose the purchaser, unit count or contract value.

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• 2025-04-16 - Deployment - UBTECH's Walker C Serves as AI Tour Guide at Expo 2025 Osaka

  Walker C greeted visitors and provided guided reception and multilingual interaction at the pavilion south square. The deployment was scheduled to continue for the six-month Expo period. The exact product is a 163 cm, 43 kg electric biped humanoid with 20 degrees of freedom.

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• 2025-03-13 - Product Launch - UBTECH and Beijing center launch Tiangong Walker for research institutions

  UBTECH and Beijing Humanoid Robot Innovation Center launched Tiangong Walker. The platform is positioned for university and research-institution use cases. The release expands access to full-size humanoid hardware for applied robotics R&D.

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• 2025-03-04 - Deployment - UBTECH Deploys Humanoid Robots at Zeekr's Smart Factory

  • UBTECH deployed dozens of Walker S1 humanoid robots at Zeekr's 5G-enabled smart factory in Ningbo, Zhejiang province. • These robots collaborated on tasks such as material handling, sorting, precision assembly, and quality control. • The deployment marked the world's first large-scale, multi-task collaborative training of humanoid robots in an industrial setting.

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• 2025-03-03 - Deployment - UBTECH Deploys Humanoid Robots at Zeekr's Smart Factory

  • UBTECH deployed dozens of Walker S1 humanoid robots at Zeekr's 5G-enabled smart factory in Ningbo, Zhejiang province. • These robots collaborated on tasks such as material handling, sorting, precision assembly, and quality control. • The deployment marked the world's first large-scale, multi-task collaborative training of humanoid robots in an industrial setting.

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• 2025-02-27 - Market Signal - UBTECH completes February 2025 H-share placement with HK$876.32M net proceeds

  UBTECH completed the February 2025 placing on 27 February 2025, issuing 10,155,099 new H shares at HK$90 per share for approximately HK$876.32 million in net proceeds after fees and expenses. The filing identifies this as a placing under the General Mandate by the already listed company, rather than a private financing round. UBTECH said the placing proceeds were intended for business operation and development, including working capital, general corporate purposes, offshore and onshore investments, and repayment of amounts due under credit facilities.

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• 2024-12-27 - Market Signal - Luster says FZMotion has served Unitree, UBTECH and Xiaomi robot R&D

  Luster said its subsidiary YMate3D had launched the FZMotion AI motion-capture product for spatial positioning and computing. The disclosed robotics use cases covered embodied-intelligence product R&D and training for Unitree, UBTECH and Xiaomi. Luster said the product solution did not directly constitute a robot-body component, limiting the event to customer adoption and R&D infrastructure rather than robot hardware supply.

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• 2024-12-17 - Partnership - Audi FAW NEV Company announces MoU with UBTECH Robotics and the Beijing Innovation Center of Humanoid Robotics

  Audi said its new Changchun plant would explore the next step in humanoid-robot use for car production through a memorandum of understanding involving Audi FAW NEV Company, UBTECH Robotics, and the Beijing Innovation Center of Humanoid Robotics. The announcement tied potential humanoid deployment directly to a live production site that had just entered operation for PPE-based electric models. This is the clearest surfaced robotics partnership event for Audi in the current pass because it goes beyond general automation language and names the counterparties and intended factory context.

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• 2024-11-26 - Market Signal - UBTECH completes November 2024 H-share placement with HK$587.16M gross proceeds

  UBTECH completed the November 2024 placing on 26 November 2024, issuing 7 million new H shares at HK$83.88 per share for approximately HK$587.16 million in gross proceeds. The filing identifies this as a placing under the General Mandate by the already listed company, rather than a private financing round. UBTECH said the placing proceeds were intended for business operation and development, including working capital, general corporate purposes, offshore and onshore investments, and repayment of amounts due under credit facilities.

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• 2024-10-29 - Market Signal - UBTECH completes October 2024 H-share placement with HK$436.07M gross proceeds

  UBTECH completed the October 2024 placing on 29 October 2024, issuing 5.06 million new H shares at HK$86.18 per share for approximately HK$436.07 million in gross proceeds. The filing identifies this as a placing under the General Mandate by the already listed company, rather than a private financing round. UBTECH said the placing proceeds were intended for business operation and development, including working capital, general corporate purposes, offshore and onshore investments, and repayment of amounts due under credit facilities.

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• 2024-09-02 - Partnership - Changsheng Bearings confirms joint R&D work with UBTECH and AgiBot

  Changsheng Bearings said on September 2, 2024 that cooperation with both UBTECH and AgiBot was at the technical-exchange and cooperative-R&D stage. The investor-platform response did not claim that either collaboration had reached a supply order, production or revenue milestone.

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• 2024-08-06 - Deployment - Walker S Lite performs cargo packing and securing tasks at Zeekr factory

  UBTECH said Walker S Lite worked for 21 consecutive days at a Zeekr factory. The robot handled packing and cargo securing tasks in the plant's cargo transport unit. Chinese robotics manufacturer known for AI-powered humanoid robots (e.g., Walker series), service robots, educational kits, and smart robotic solutions across industries including logistics, healthcare, and STEM education.

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• 2024-07-03 - Deployment - UBTECH deploys Walker S Lite at FAW-Volkswagen Qingdao plant

  • UBTECH Robotics deployed its humanoid robot, Walker S Lite, at FAW-Volkswagen's Qingdao plant to perform quality inspection tasks on the production line. • The robot was integrated into the factory's 'National Intelligent Manufacturing Demonstration Factory' to enhance manufacturing automation. • Walker S Lite utilized advanced technologies to safely navigate the production line and inspect vehicle parts, processing data from its cameras and providing real-time results to the factory's management system.

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• 2024-04-30 - Product Launch - UBTECH Robotics Launches UGOT Educational Robot Kit

  • UBTECH Robotics launched UGOT, a modular AI educational robot kit, on September 7, 2023. • The kit allows users to build up to seven different robot designs and integrates with AI platforms like OpenAI's ChatGPT. • The company initiated a crowdfunding campaign for the product's release.

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• 2024-04-01 - Partnership - UBTECH partners with Baidu to integrate ERNIE into Walker S

  UBTECH and Baidu partnered to integrate ERNIE model capabilities. The integration targets improved human-robot interaction and command handling. Walker S is positioned to perform more complex multi-step tasks with LLM support.

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• 2023-12-29 - Market Signal - UBTECH lists on HKEX as first listed humanoid robot company

  UBTECH began Main Board trading on 29 December 2023 under stock code 09880. The final net proceeds were HK$931.21 million after a partial exercise of the over-allotment option. The listing established a public-market capital base for the company's humanoid and service-robot programmes.

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• 2018-05-03 - Funding - UBTECH raises USD820M Series C at USD5B valuation

  Tencent led the completed financing. Participants included Green Pine Capital, Haier, Minsheng Securities, CDH Investments and Telstra Ventures. The financing supported UBTECH's artificial-intelligence and humanoid-robot development.

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• 2017-11-17 - Funding - UBTECH raises USD40M in Tencent-led financing

  Tencent led the disclosed financing. UBTECH planned to use the capital for robotics and artificial-intelligence research and development. The financing followed UBTECH's USD100 million Series B in 2016.

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• 2016-07-25 - Funding - UBTECH raises USD100M Series B at USD1B valuation

  CDH Investments led the financing, with CITIC Securities and other investors participating. UBTECH planned to use the capital for research and development, new industry applications and research centres in China and the United States. The financing established UBTECH as a robotics unicorn at a reported USD1 billion valuation.

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• 2015-12-01 - Funding - UBTECH raises USD20M Series A

  Qiming Venture Partners participated in the financing. The capital supported development and commercialization of UBTECH's humanoid and service-robot portfolio. The financing preceded UBTECH's USD100 million Series B in 2016.

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• 2014-10-30 - Funding - UBTECH completes CNY20.59M Pre-A financing

  Four primary subscription closings between October 2013 and October 2014 totaled CNY20.59 million. Participants included Leaguer Huarui, Zhengxuan Investment and Zhao Guoqun. The final Pre-A closing implied a CNY154 million valuation.

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Profile notes

• UBTECH's 2025 humanoid figures cover only part of group revenue

  reviewed 2026-07-19 - UBTECH reported RMB820.6 million of 2025 revenue from full-size embodied-intelligence humanoid products and services, against RMB2.001 billion of total group revenue. Humanoids had become its largest single revenue category, but the remainder came from logistics robots, consumer hardware and other lines, so the group total is not a humanoid-only commercial metric.

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Relationships

• Manifold AI / 流形空间

  Robot Platform And Production Partner - Manifold AI and UBTECH are combining world-model software with robot platforms and production for e-commerce and logistics solutions.

• AUDI AG

  Humanoid Robotics Exploration - MoU with Audi FAW NEV Company and Beijing humanoid center to explore humanoid use in Changchun EV production (Audi media center).

• Changsheng Bearings

  Technical Exchange And Cooperative R&d Partner - Changsheng Bearings said cooperation with UBTECH was at the technical-exchange and cooperative-R&D stage.

• Terra Robotics

  Deployment Partner - Terra Robotics is described as the strategic partner through which the Walker S2 pilot is being carried out at ROSSMANN.

• Texas Instruments

  Semiconductor Humanoid Deployment - Texas Instruments signs agreement with UBTECH and deploys Walker S2 in semiconductor manufacturing

• BYD

  Robot Supplier - BYD factory workflow reporting described UBTECH Walker S1 humanoids in automotive factory tasks.

• Zeekr

  Automotive Factory Deployment - UBTECH Walker S Lite operated at a Zeekr factory loading workstation for cargo packing and securing tasks.

• SANY Renewable Energy

  Walker S2 Smart Factory Deployment - Walker S2 handles bolt sleeves, sorting, conveyor placement and tray transfer at SANY Renewable Energy's smart factory.

• Terra Robotics

  Distribution Partner - Terra Robotics is UBTECH Robotics exclusive distributor and integration/service partner in Germany, Austria and Switzerland.

• Zhejiang Fenglong Electric

  Acquired Company - UBTECH Robotics took control of Zhejiang Fenglong Electric through a 29.99% block transaction and tender offer.

• Undisclosed automotive manufacturer

  Walker S1 And Walker C Procurement - UBTECH signed its first small-batch industrial humanoid procurement contract for Walker S1 and Walker C robots and received an advance payment.

• Xiamen C&D Inc.

  Partner - UBTECH and Xiamen C&D signed strategic cooperation covering a planned Fujian joint venture and a target of at least 10,000 humanoid sales by 2030.

• Hangzhou Shenhao Technology

  Power Grid Humanoid Robotics Partner - UBTECH and Shenhao Technology partnered on humanoid robot applications for power-grid operation and maintenance scenarios.

• Honda Trading (China)

  Industrial Cooperation (uqi) - UBTECH and Honda Trading China cooperate on embodied AI, humanoid robots and autonomous logistics in auto supply chains.

• Siemens AG

  Humanoid Manufacturing Digitization Partnership - UBTECH and Siemens Digital Industries Software signed a strategic cooperation framework to digitize humanoid robot development and manufacturing.

• KENGIC

  Unmanned Warehousing Partnership - UBTECH and KENGIC partnered to develop embodied-intelligence applications for unmanned warehousing and third-party logistics.

Comparable profiles

• AgiBot

  stack adjacency - Bipedal Locomotion · Dexterous Manipulation

• Figure AI

  stack adjacency - Bipedal Locomotion · Dexterous Manipulation

• Zhejiang Humanoid

  stack adjacency - Bipedal Locomotion · Dexterous Manipulation

• RobotEra

  stack adjacency - Bipedal Locomotion · Dexterous Manipulation

• Apptronik

  stack adjacency - Bipedal Locomotion · Dexterous Manipulation

• Foundation Robotics

  stack adjacency - Bipedal Locomotion · Dexterous Manipulation

• 1X Technologies

  stack adjacency - Bipedal Locomotion · Dexterous Manipulation

• Agility Robotics

  stack adjacency - Bipedal Locomotion

• Humanoid

  stack adjacency - Bipedal Locomotion

• Persona AI

  stack adjacency - Dexterous Manipulation

• DexForce

  stack adjacency - Dexterous Manipulation

• Unitree

  stack adjacency - Bipedal Locomotion

Shared workflows

• Pudu Robotics

  workflow adjacency - Service Robot Delivery

• Richtech Robotics

  workflow adjacency - Service Robot Delivery

• Gopher Motion

  workflow adjacency - Service Robot Delivery

• Holiday Robotics

  workflow adjacency - Industrial Task Execution

• Engineered Arts

  workflow adjacency - Humanoid Service Robot Builder

• Enchanted Tools

  workflow adjacency - Humanoid Service Robot Builder

• Noetix Robotics (松延动力)

  workflow adjacency - Humanoid Service Robot Builder

• RealMan Intelligent Technology (Beijing) Co., Ltd.

  workflow adjacency - Humanoid Service Robot Builder

• IntBot

  workflow adjacency - Humanoid Service Robot Builder

• AiMOGA Robotics

  workflow adjacency - Humanoid Service Robot Builder

• Standard Bots

  workflow adjacency - Industrial Task Execution

• Astribot

  workflow adjacency - Humanoid Service Robot Builder

Context tags

• Humanoid service robot builder - Workflow - Historical service robot product lines and Walker series
• Dexterous manipulation - Capability - Hand manipulation disclosed
• Commercial deployment - Commercial Stage - Multi-industry customer deployments disclosed
• Humanoid industrial builder - Peer Group - Walker S industrial humanoid for manufacturing
• Industrial task execution - Workflow - Walker S deployed in automotive factory workflows
• Service robot delivery - Workflow - Panda robot and service robot product history
• Robot OEM - Stack Layer - Builds complete humanoid and service robot systems
• Bipedal locomotion - Capability - Walker and Walker S demonstrate bipedal walking
• Healthcare and assistive - Customer Environment - Service robots historically deployed in healthcare-related contexts
• Factories - Customer Environment - Walker S targeting automotive and manufacturing floors

4 commercial events; 2 contract awards; 2 commercial orders; 1 named customer; $37M disclosed obligated value; latest event 2025-11-25

• 2025-11-25 - Contract award - UBTech Secures $37 Million Contract to Deploy Humanoid Robots at China-Vietnam Border - Public-sector client (China-Vietnam border deployment context) - $37M obligated - source: scmp.com
• 2025-04-24 - Contract award - UBTECH signs first small-batch industrial humanoid contract - source: owebsite-cdn.ubtrobot.com
• 2025-11-07 - Commercial order - UBTECH Walker S2 secures 159M RMB order from Sichuan Zigong - source: ubtrobot.com
• 2025-07-21 - Commercial order - Ubtech receives ¥90.5M order for humanoid robots, largest to date - source: ubtrobot.com