UBTECH Robotics
About
About UBTECH Robotics
UBTECH Robotics develops humanoid, service and education robots for manufacturing, logistics, retail, healthcare and public-facing environments. Cruzr and Cadebot continue its earlier service-robot business, while the Walker S family is now the main growth line for industrial handling, sorting, inspection and production-support work.
UBTECH's 2025 results reported RMB820.6 million in revenue from full-size humanoid products and services, making that category its largest revenue source. The company described Walker S2 as reaching 1,000-unit-level small-scale mass production and delivery during 2025, with annualised production capacity above 6,000 full-size humanoids at year-end. Its industrial humanoid business has therefore moved into scaled production and early commercial application, while the service and education catalogue remains an established second part of the portfolio.
Articles
Products
- CADEBOT L100
- Cruzr 1S
- Cruzr S2
wheeled
- Cruzr Y1
Cruzr Y1
- Panda Robot
education
- UWORLD U1
UWORLD
- Walker C
commercial
- Walker C1
Walker
- Walker S
industrial
- Walker S1
industrial
- Walker S2
industrial
- Walker Tienkung
Walker Tienkung
- Walker X
commercial
Operations
Facilities & manufacturing
- Factory floor area
2026-10-01 - The UBTECH factory shown in the official tour occupies approximately 14,000 square metres. - Factory area; not production volume
Source - Facility
2026-10-01 - UBTECH describes potential maximum capacity around 1,500 humanoids per month; achieved monthly output is not disclosed. - Factory-wide humanoid capacity; no exact model allocation
Source
Production capacity
- Production capacity
2026-09-12 - 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. - Walker S-series industrial humanoids / Liuzhou Super Smart Factory - Liuzhou, Guangxi, China
Source - Production capacity
2026-03-31 - UBTECH reported annualised production capacity above 6,000 full-size embodied intelligent humanoid robots at 31 December 2025. - UBTECH full-size embodied intelligent humanoid robot portfolio
Source - Production capacity
2025-11-17 - 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. - Walker S2 2027 capacity target
Source
Output & shipments
- Commercial activity
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. Sales do not establish units produced, shipped, installed or in active operation. - All full-size embodied intelligent humanoid robot products and services
Source - Deliveries
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. - Walker S2 small-scale mass production and delivery
Source
Orders & commitments
- Order / commitment
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. - Walker S2 2025 delivery target
Source - Order / commitment
2025-11-17 - UBTECH disclosed a signed RMB159 million contract for Walker S2 robots intended for a Zigong data collection center. The announcement does not confirm completed delivery, an active operating site, or a robot quantity. - Walker S2 / Zigong data collection center contract - Zigong data collection center
Source
Operating milestones
- Operating milestone
2024-08-06 - Walker S Lite operated for 21 consecutive days at a Zeekr factory loading workstation, handling cargo packing and securing tasks. - Zeekr factory loading workstation
Source
Deployments
- Commercial activity
2026-08-28 - UBTECH reported 16,123 total humanoid sales across its broader humanoid portfolio in the first half of 2026. - Broader humanoid portfolio, including categories outside full-size embodied-intelligent humanoids
Source - Commercial activity
2026-03-31 - UBTECH reported sales volume of 1,079 full-size embodied intelligent humanoid robot units for 2025. - All full-size embodied intelligent humanoid robot products and services
Source - Customer site
2026-03-26 - ROSSMANN said it received a UBTECH Walker S2 humanoid robot for testing at its Burgwedel logistics center, supported by Terra Robotics. - Walker S2 / ROSSMANN Burgwedel logistics center - ROSSMANN Burgwedel logistics center
Source - Customer site
2026-01-19 - 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. - customer - aircraft manufacturing plants
Source - Operating use
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. - SANY Renewable Energy
Source
Supply
Supply chain relationships
- Intel
Inbound - Compute & Control - UBTECH's Panda Robot uses two Intel Core i7-8665U processors
Source - Intel
Inbound - Compute & Control - UBTECH Walker X uses two Intel Core i7-8665U processors
Source - NVIDIA
Inbound - Compute & Control - UBTECH Walker X uses an NVIDIA GT1030 graphics card
Source - NVIDIA
Inbound - Compute & Control - Panda Robot uses NVIDIA GT1030 graphics card
Source - Baidu
Inbound - Compute & Control - Baidu ERNIE Bot is integrated into UBTECH Walker S to support natural speech and real-time reasoning
Source - Blue Point Touch
Inbound - Sensing Perception - Blue Point Touch supplies force/torque sensors to UBTECH Robotics; exact sensor and robot models are undisclosed
Source - Newstart Gear Motion
Inbound - Motion Control - Newstart sold precision planetary reducers to UBTECH-controlled buyers in 2025
Source - Kinco Automation
Inbound - actuation and motion control - Kinco frameless torque motors are in batch use in UBTECH humanoid robots
Source - SLAMTEC
Inbound - Perception - The original UBTECH Cruzr used SLAMTEC lidar for mobile navigation
Source - D-Robotics
Inbound - Compute & Control - UBTECH adopted D-Robotics Sunrise S600 for embodied-AI computing
Source - Topband
Inbound - actuation and motion control - Topband supplies reducer, encoder and lead-screw actuator assemblies to UBTECH Robotics
Source - Far East Electric
Inbound - electronics and robotics components - Far East Electric robot cables are installed in UBTECH humanoid products
Source - Kunwei Technology
Inbound - Force Sensing - Kunwei supplied HRS humanoid force sensors in bulk to UBTECH Robotics
Source - Topband
Inbound - actuation and motion control - Topband supplies coreless motors to UBTECH Robotics
Source - Xingyuan Zhuomei
Inbound - Structural Components - Xingyuan Zhuomei magnesium robot components are applied in UBTECH robots; exact parts are undisclosed
Source - Leaderdrive
Inbound - robotic motion components - Leaderdrive supplied harmonic reducers for UBTECH robot joints
Source - Tuopu Group
Inbound - actuation and motion control - Tuopu Group and UBTECH are linked through humanoid robotics supply-chain activity
Source - 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
Source
Funding
- 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
Investors
- 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
Financials
- 9880.HK - HKEX
Team
- 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.
Timeline
Events
- 2026-10-20 - Partnership - JWIPC discloses robot-controller co-development with UBTECH
The controller portfolio spans humanoids, quadrupeds, industrial arms, AGVs/AMRs and service robots. The company supports NVIDIA, Intel and Rockchip platforms and offers motion-control, model-compute and combined-controller configurations. Its AgiBot Thor-controller supplier selection was reiterated in the briefing and had already appeared in its July 2026 half-year report.
Source - 2026-10-19 - Partnership - UBTECH and Ras Al Khaimah sign humanoid climate-testing memorandum
Initial applications cover industrial assembly, public-facing services, elder care and cultural spaces. UBTECH plans to send robots and engineering teams, while the emirate provides a testing sandbox and links to research institutions. Trials are intended to produce performance data from demanding environmental and day-to-day operating conditions.
Source - 2026-10-16 - Partnership - UBTECH executes exclusive Japanese distribution agreement with Bitcoin Japan
The models are Walker S2, Walker Tienkung, Tienkung Dex, Sky Walker, Walker C1 and Cruzr S2. Bitcoin Japan plans a prepayment and Japanese certification applications beginning with Walker C1. Before certification, the company plans supply for legally permitted research, testing, data collection and demonstrations.
Source - 2026-10-09 - 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.
Source - 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.
Source - 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.
Source - 2026-09-12 - Production Milestone - UBTECH opens Liuzhou humanoid manufacturing facility
The 14,000-square-metre facility was designed for one robot every ten minutes and planned annual capacity above 10,000 units. Cruzr Y1 and Cruzr S2 handled material-supply tasks, while reconfigurable assembly workstations supported mixed Walker and Cruzr production. The digital manufacturing system combined lifecycle management, simulation, production scheduling and quality control through cooperation with Siemens.
Source - 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.
Source - 2026-07-13 - Partnership - UBTECH and Hitachi begin Walker S2 manufacturing validation
The cooperation covered elevators, building systems, healthcare, industrial equipment and semiconductor-manufacturing equipment. Hitachi China Research Institute, UBTECH and Hitachi Elevator conducted secondary development and operational testing on an elevator manufacturing floor.
Source - 2026-07-13 - Deployment - UBTECH begins Walker S2 logistics pilot with ROSSMANN
Terra Robotics became the exclusive distributor for Germany, Switzerland and Austria and purchased an initial batch of several dozen humanoids. The long-term pilot involved material handling and sorting in ROSSMANN logistics environments, with staff feedback and operating data informing further development.
Source - 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.
Source - 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.
Source - 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.
Source - 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.
Source - 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.
Source - 2026-03-17 - Partnership - UBTECH Walker S2 delivered to ROSSMANN for logistics pilot
Terra Robotics supplied the robot to ROSSMANN’s Burgwedel logistics operation on 17 March 2026. The pilot will run through 2026, progressing from initial use cases to practical integration and assessment of possible expansion. ROSSMANN will assess IT infrastructure, application programming and employee interaction while targeting repetitive and physically unergonomic tasks.
Source - 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.
Source - 2026-01-21 - Market Signal - UBTECH reports CNY1.4 billion in 2025 humanoid orders
The company expected industrial humanoid capacity to exceed 10,000 units in 2026. Walker S2 production had begun in November 2025, while the company was expanding toward manufacturing markets in Europe and the United States.
Source - 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.
Source - 2025-12-14 - Partnership - UBTECH signs robotics cooperation agreement with Texas Instruments
Walker S2 combined RGB binocular perception with autonomous dual-battery swapping for sustained factory use. The platform was rated for handling loads up to 15 kilograms across a zero-to-1.8-metre workspace.
Source - 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.
Source - 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.
Source - 2025-11-25 - Contract Award - UBTECH secures Fangchenggang humanoid robotics contract
The agreement was with a humanoid-robot centre in Fangchenggang, Guangxi, with deliveries expected to begin in December 2025. Planned tasks covered traveller guidance, personnel-flow management, patrols, logistics and inspections in steel, copper and aluminium manufacturing.
Source - 2025-11-17 - Production Milestone - UBTECH begins Walker S2 production and first-batch delivery
The 2025 delivery goal was 500 units; the announced annual-capacity targets were 5,000 robots in 2026 and 10,000 in 2027. Walker-series orders exceeded CNY800 million, including a CNY159 million data-collection-centre contract in Zigong. Robots were to enter industrial applications in phases, supported by BrainNet and Co-Agent-based operational tools and user training.
Source - 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.
Source - 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.
Source - 2025-07-23 - Product Launch - UBTECH launches Walker S2 industrial humanoid
The 1.76-metre platform paired BrainNet 2.0 with the Co-Agent industrial agent architecture. Its dual-battery system was designed to replenish power without a manual battery change, supporting extended-duty industrial workflows.
Source - 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.
Source - 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.
Source - 2025-04-13 - Deployment - UBTECH Walker C begins reception role at Osaka Expo
The robot greeted opening-ceremony guests and was scheduled to work at the pavilion’s South Square for the following six months. A customized multilingual interaction system introduced pavilion highlights and answered visitor questions using tailored databases.
Source - 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.
Source - 2025-03-04 - Deployment - UBTECH conducts collaborative humanoid training at Zeekr factory
Training covered final assembly, instrument supply, quality inspection and door-assembly areas. The exercises included material handling, sorting, precision assembly and quality control, using visual tracking and multi-robot coordination.
Source - 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.
Source - 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.
Source - 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.
Source - 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.
Source - 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.
Source - 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.
Source - 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.
Source - 2024-08-05 - Deployment - UBTECH reports Walker S Lite factory trial at Zeekr
The robot assisted employees with lifting and carrying, with the maker describing stable movement while lifting 15-kilogram boxes. The trial combined visual navigation, imitation learning and whole-body control, including coordination with automated guided vehicles.
Source - 2024-07-03 - Partnership - UBTECH and FAW-Volkswagen plan Walker S factory trials
FAW-Volkswagen would provide production-line access for future bolt-tightening, component-assembly and automotive-parts handling trials. UBTECH planned to refine Walker S for industrial applications while supporting the factory’s automation programme.
Source - 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.
Source - 2024-04-01 - Partnership - UBTECH integrates Baidu ERNIE with Walker S
A released video showed voice-command responses, clothes folding, object sorting and clothing-advice interactions. UBTECH planned further language-model development over the following two to three years, alongside factory training and proposed small-batch deliveries.
Source - 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.
Source - 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.
Source - 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.
Source - 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.
Source - 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.
Source - 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.
Source
Notes
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.
Source
Relations
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.
- Government of Ras Al Khaimah
Technology Partner - UBTECH and Ras Al Khaimah signed an MoU for planned humanoid research, climate tests and live demonstration projects.
- 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
- 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.
- BYD
Reported Factory Robot Use - UBTECH Walker S1 humanoids were reported working alongside BYD factory staff in assembly and quality control.
- Bitcoin Japan Co., Ltd.
Distribution Partner - UBTECH executed exclusive Japanese distribution rights for six robot models and successors; certification and initial supply remain planned.
- 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.
Context
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
- REEMAN
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
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
Commercial
- UBTECH secures Fangchenggang humanoid robotics contract
2025-11-25 · Order / contract · UBTECH secured a CNY264 million contract for a planned Walker S2 pilot at China–Vietnam border crossings and industrial sites. · $37M obligated
Source - UBTECH Walker S2 secures 159M RMB order from Sichuan Zigong
2025-11-07 · Order / contract · UBTECH Walker S2 secures 159M RMB order from Sichuan Zigong
Source - Ubtech receives ¥90.5M order for humanoid robots, largest to date
2025-07-21 · Order / contract · Ubtech receives ¥90.5M order for humanoid robots, largest to date
Source - UBTECH signs first small-batch industrial humanoid contract
2025-04-24 · Order / contract · An undisclosed automotive manufacturer contracted for Walker S1 and Walker C robots.
Source