UBTECH ROBOTICS (HKEX: 09880) shares rose more than 5% in early morning trading. At the time of writing, the stock was up 5.11% to HK$94.650, with a turnover of HK$96.5798 million.

The catalyst for the move was the company's official unveiling of its new wheeled industrial humanoid robot, the Cruzr Y1. The robot made its global public debut at the OPPO Technology Launch Event and Supply Chain Technology Exhibition, which opened on June 25 at the OPPO Bay Area Park. At the event, the Cruzr Y1 performed a complete demonstration of depalletizing and palletizing operations, establishing itself as a core exhibit in the industrial humanoid track.

It is also noteworthy that UBTECH's globally first full-size ultra-bionic humanoid robot, the U1 series, is scheduled for market release on June 30. Pre-orders for this product approached 4,000 units within 10 days of listing and had accumulated to over 5,000 units by June 21. The company has indicated that the mass production scale for the U1 series this year is expected to reach 10,000 units.

Furthermore, UBTECH has set a production capacity target of 10,000 units for its industrial humanoid robots.