China’s Unitree soars in market debut as investors bet on humanoid robots
Summary
China’s Unitree Robotics saw its shares rise over 620% when it started trading in Shanghai, showing strong investor interest in humanoid robots. The company is one of the first in mainland China to list as a humanoid robotics firm and has shipped thousands of robots worldwide.Key Facts
- Unitree’s shares jumped more than 620% at its market debut on the Shanghai STAR Market.
- The company’s market value reached as high as 445 billion yuan (about $66 billion).
- Unitree priced its initial public offering (IPO) at 50.8 yuan per share, valuing the company at around 61 billion yuan ($9 billion).
- The company was founded in 2016 and is known for humanoid robots that can perform actions like dancing and martial arts.
- Last year, Unitree shipped over 5,500 humanoid robots globally.
- A new model called Superman can jump two meters high and run at 12.66 meters per second.
- China holds around 75% of the global market for humanoid robots and autonomous vehicles.
- The U.S. government recently banned imports of Chinese humanoid robots due to national security concerns.
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