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
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
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
Before Henry Ford’s moving line in 1913, cars were hand-built luxuries. Assembly fell to 93 minutes and cost collapsed. Today’s humanoids look like cars before 1913: the tech dazzles, but building one unit and stably building ten thousand are two different problems. Demo after demo shows dancing and tray-carrying, yet at scale there is no … Read more
A wave of safety warnings from leading artificial-intelligence labs, together with OpenAI’s decision to shelve its IPO this year, pushed markets to price in a simple equation: slower frontier-model iteration means weaker chip demand. On Monday the selling swept Asia, Europe and the Americas, and early tallies put the market value wiped from the global … Read more
Five days after Tesla opened its production Cybercab to the public in its Robotaxi fleet, the verdict from riders is split. The vehicle, unveiled on 4 September, has no steering wheel, pedals or mirrors and relies entirely on Full Self-Driving. Some riders say they felt like VIPs; others say it ran flawlessly. Many more posted … Read more
China built 34.53 million vehicles in 2025, the 17th year it has led the world, with new-energy output up 29 per cent year on year. The more consequential contest, though, is the silicon behind the wheel. Horizon Robotics says its Journey series of autonomous-driving chips has now passed 15 million units shipped, and the pace … Read more
Kinetix AI, a full-stack embodied-intelligence company, has closed an angel-plus round of more than RMB 500 million, with Vertex Capital, the venture arm under Singapore’s Temasek, alongside Fangguang Capital and Wanshi Capital adding to the round. The proceeds will accelerate the firm’s data-model-embodiment loop and push its embodied products toward commercial deployment. The company was … Read more
On 9 September, the US physical-AI startup Harmoni closed a 10 million dollar Series A led by Bessemer Venture Partners, with valuation undisclosed, and on the same day unveiled HAL. HAL is an AI that lives on the shop floor: a worker can ask why a machine is running slower than usual, file a repair … Read more
Zhejiang Qingtian Lituo Robot Co has broken ground on a project that will build a digital factory for smart logistics robots at a planned capacity of 5,000 units a year. The site covers 40 mu and will produce AGV handling robots, smart warehouse systems and the software that runs them, aimed at the intelligent-upgrade needs … Read more