Sectors

Garden-equipment maker Zhongjian pours RMB 1.2 billion into robots weeks after a RMB 3.9 million disclosure fine

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In mid-August, Zhongjian Technology was fined RMB 3.9 million for fabricating a signing with Huawei’s Embodied Intelligence Innovation Centre and false disclosure, mired in controversy. Amid the storm, the veteran garden-equipment maker did not stop expanding in robotics. Recently Zhongjian announced that it and subsidiary Shanghai Huazhijian signed an intelligent-robot industrialisation investment agreement with the … Read more

Mech-Mind Robotics opens Hong Kong IPO with Baillie Gifford and Jane Street as cornerstone backers

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Founded in 2016, Mech-Mind Robotics is a supplier of core intelligent-robotics components rather than a full robot OEM, providing standardised “eye-brain-hand” modules for robots of different forms. Its Mech-Eye industrial 3D camera captures spatial data; Mech-Vision and Mech-Viz software handle recognition, decision and motion planning; and it is extending into the Mech-GPT multimodal model and … Read more

Nine carmakers recall over 7 million vehicles in China

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On 21 August, the State Administration for Market Regulation issued a cluster of recall notices. Dongfeng, XPeng, Leapmotor, Chery, Geely, Tesla, Xiaomi, BAIC BluePark and FAW, nine carmakers in total, recalled about 7.0164 million vehicles. Nine carmakers announced mass recalls the same day, led by Tesla and domestic brands. Of these, about 4.2757 million vehicles, … Read more

Pony.ai and Uber plan 2,000 Robotaxis across five European cities

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On 19 August, Pony.ai and global mobility platform Uber announced a further expansion of their strategic cooperation, planning to deploy over 2,000 Pony.ai Robotaxis across five European cities, one of the largest Robotaxi deployment plans in Europe and taking Pony’s overseas deployment plan past 4,000 vehicles in total. The expansion with Uber will extend from … Read more

Naochi Times closes seed round for non-invasive brain-computer interface

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Gasgoo Embodied Intelligence has learned that Naochi Times (Shanghai) Technology, or “Naochi Times”, recently closed a tens-of-millions-yuan seed round led by Yuanhe Puhua. The company said the proceeds will mainly build its first-generation multi-function motor brain-computer interface product “Omni One”, advance self-developed non-invasive high-throughput ultrasound BCI systems and pre-clinical validation, and expand core engineering and … Read more

Hyundai strike breaks out over robot fears, a world first

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A world first. After 16 rounds of talks between the union and management stalled, the long-brewing strike at South Korea’s Hyundai Motor finally erupted in full. Unlike earlier small gestures of leaving two hours early, this was real: an eight-hour full strike, Hyundai’s first since 2016 a decade ago, involving more than 39,000 union members. … Read more

Chery’s MoJia Robotics prepares IPO at RMB 2.5 billion valuation

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On 21 August, during the 2026 World Robot Conference, news emerged that MoJia Robotics (AiMOGA), under Chery Automobile (09973.HK), had started IPO preparation. Zhang Guibing, who also serves as president of Chery’s international business, said publicly that MoJia is discussing potential listing venues and expects to sharply raise humanoid-robot deliveries next year to join the … Read more

Unitree shares surge more than 460 per cent on trading debut

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Unitree Technology rang the opening bell and its shares exploded higher at the start. “The first humanoid-robot stock” formally listed on the Shanghai STAR Market. On its first trading day Unitree opened at 1,100 yuan per share, a surge of 629.44 per cent over the 150.80 yuan issue price, and its total market value instantly … Read more

US weighs letting Apple buy Chinese memory chips, for China-market devices only

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On 24 August, media reports said the US government is considering approving Apple’s purchase of products from Chinese memory makers, in a move to ease the storage supply pressure the company currently faces. According to the reports, Apple has already been testing DRAM and NAND chips from two Chinese memory suppliers. If later cleared for … Read more

Tencent’s AI capex hit 52.8 billion yuan in Q2, and the bill is reshaping its cash

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On 12 August, Tencent reported a second-quarter result that split the market. Revenue reached 204.785 billion yuan, up 11 per cent and past 200 billion for the first time, but capital expenditure hit 52.784 billion yuan, up 176 per cent year on year and 65 per cent quarter on quarter, far above the 32.1 billion … Read more