Sectors

UBTECH’s super factory builds robots with robots, one unit every ten minutes

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UBTECH’s industrial humanoid-robot super factory began production on 12 September in Liuzhou’s northern eco-industrial new area in Guangxi. The plant, the first humanoid-robot smart-manufacturing benchmark built for ten-thousand-unit capacity, runs on industrial simulation planning and a digital scheduling brain, putting the “robots building robots” model into practice. It marks the shift of China’s humanoid industry … Read more

Shangwei’s 23-fold rerating shows how a wind-resin maker became the A-share face of humanoids

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Shangwei New Material listed on the STAR Market in September 2020 and became one of its most undervalued names. Institutions low-balled the IPO, raising only RMB 70 million, a record low, at the RMB 1 billion market-cap floor. For years it sat near RMB 24 billion, about RMB 78 a share, with no coverage and … Read more

Hai Robotics restarts its Hong Kong IPO with RMB 4.1 billion of orders and a loss to price away

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Warehouse automation leader Hai Robotics refreshed its listing application on 13 September, restarting its Hong Kong IPO and positioning itself as a candidate for the first automated case-handling robot listing on the exchange, following an initial filing in February 2026. Hai Robotics targets case-handling automation in high-density warehouses. (Source: Wikimedia Commons, CC BY-SA 3.0) Before … Read more

Guangdong sets RMB 200 billion cross-border data target as it builds a Greater Bay data zone

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On 15 September, Guangdong’s Digital Government and Data Bureau released the “Guangdong Greater Bay Area Data Special Zone Work Plan”, targeting a cross-border data industry above RMB 200 billion by the end of 2028, with related value-add in manufacturing and services exceeding RMB 1 trillion. Bordering Hong Kong and Macao, Guangdong is a national digital-economy … Read more

China’s 15th Five-Year Plan for smart EVs sets a 2030 finish line and a hard list of numbers

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China’s intelligent connected new-energy vehicle industry now has a specific plan for the 15th Five-Year Plan period. MIIT and eight other departments issued the plan for the industry’s development, a document that sets the sector’s direction through 2030. Nine departments issued the 15th Five-Year plan for intelligent connected NEVs. (Source: Chedongxi) The plan calls intelligent … Read more

China’s GPU ‘four dragons’ meet on the market at RMB 613 billion, but the real test starts now

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On 11 September, Enflame listed on the STAR Market, jumping 179.22 per cent on debut to a RMB 170.8 billion market cap. With Moorc and Muxi on the STAR Market and Biren in Hong Kong, China’s GPU “four dragons” have all reached public markets, worth about RMB 613.2 billion combined. It is a milestone for … Read more

Huawei hands AITO back to Seres as the HIMA alliance redraws its brand map

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Harmony Intelligent Mobility Alliance (HIMA) and Seres have responded to a change in how the AITO brand is run. Product definition, product design, brand marketing, channel retail and after-sales service will be led by Seres, with Huawei’s consumer unit contributing enablement. HIMA confirmed AITO’s new operating model on 15 September. (Source: Chedongxi) AITO remains part … Read more

FAW is set to become GAC’s second-largest shareholder, and the missing Toyota venture points to a merger

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A new round of consolidation among China’s state-owned carmakers has actually started. On 14 September, GAC Group said it had signed a letter of intent with FAW Car Co to buy part of a joint-venture vehicle company held by FAW through a share issue, alongside a supporting fundraising. GAC confirmed the FAW share deal in … Read more

Unitree shed RMB 250 billion in a month, but the investors still call it a bubble worth riding

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On 15 September, Unitree traded at RMB 469.88, down 57 per cent from its 19 August IPO high of RMB 1,100, yet its market value still stood near RMB 190 billion. More than ten embodied-AI firms including Yunxi, AgiBot, Zhongqing, Galbot and Leju have started IPO processes, and valuation has turned into a brawl. Mech-Mind’s … Read more

Mech-Mind fires the opening shot in embodied-AI’s IPO scramble, and the six-month window is closing

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On 1 September, Shao Tianlan took Mech-Mind to the Hong Kong exchange. Nine days later, the chief executive of a robot firm worth HK$10.4 billion publicly accused Galbot, an embodied-AI star valued at RMB 20 billion, of fabricating “false and unsustainable” revenue through data centres and related-party deals with local governments, investors and suppliers. The … Read more