UBTECH ROBOTICS (09880) stock is soaring 5.07% in Friday's trading session, continuing its upward momentum from previous days. The surge comes on the heels of significant developments in the company's humanoid robot business and a major strategic investment.

The robotics firm recently secured a substantial 250 million yuan procurement contract for its embodied intelligent humanoid robot products and solutions from a prominent domestic enterprise. The contract primarily involves Walker S2 humanoid robots equipped with autonomous hot-swappable battery systems, with deliveries set to begin this year. Adding to the positive news, Citibank reported that UBTECH ROBOTICS' humanoid robot orders have reached an impressive 400 million yuan. The bank noted that if all these orders are fulfilled within the year, it could potentially raise their 2025 revenue forecast for the company by approximately 8%.

Further bolstering investor confidence, UBTECH ROBOTICS announced on August 31 that it had signed a $1 billion strategic partnership agreement with international investment institution Infini Capital. This partnership encompasses multiple strategic industrial cooperation areas, including Infini Capital's plan to increase its stake in UBTECH ROBOTICS to become a significant shareholder with up to 5% equity. The agreement also outlines joint investments in the humanoid robot industry's supply chain and plans to establish a super factory, research and development center, and Middle East headquarters in the region. These developments collectively signal strong growth prospects for UBTECH ROBOTICS, driving the stock's significant rise in today's trading session.