UBTECH Robotics Shares Surge Over 4% in Early Trading on Strong Pre-Order Figures for New Humanoid Robot

Stock News
Jun 08

Shares of UBTECH ROBOTICS (09880) rose more than 4% during the morning session.

At the time of writing, the stock was up 3.08% to HK$113.7, with a turnover of HK$517 million.

Key Developments Driving the Movement

The company's consumer humanoid robot brand, UWorld, officially announced on June 2nd that the world's first full-size ultra-bionic humanoid robot had launched pre-sales on JD.com.

The product is positioned for emotional companionship scenarios and is scheduled for an official launch on June 30th.

On June 7th, UBTECH announced that the UWorld ultra-bionic humanoid robot had accumulated over 2,110 pre-orders within just six days of the sales launch.

Additional Strategic Partnership

It is also noteworthy that the company recently entered into a strategic cooperation agreement with Hitachi (China) Ltd.

The collaboration has reportedly progressed to a substantive verification phase.

Hitachi has already introduced UBTECH's industrial-grade humanoid robot, Walker S2, for testing at some of its manufacturing sites.

The partnership involves in-depth secondary development focused on elevator manufacturing scenarios, aiming to achieve fully flexible, intelligent workflow and data integration across the entire process.

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