Unitree, the Hangzhou humanoid-robot maker, has set its IPO offer price at 150.80 yuan per share, valuing the company at 60.9 billion yuan (roughly 8.5 billion US dollars) and pulling in 1.9 billion yuan more than the shares on offer. Institutions pushed the price about 45 percent above the preliminary estimate, a repricing that lands … Read more
How the lead was built The share is the product of a complete high-end equipment chain. The core parts a robot needs, 3D vision, precision reducers, servo motors and control systems, all have mature domestic suppliers with high efficiency, fast iteration and low production cost. On the demand side, an ageing population and rising manufacturing … Read more
A Nikkei teardown of a low-cost Chinese humanoid has stirred debate in Japanese engineering circles, with veteran roboticists conceding that China’s mass-production logic, not raw component precision, now sets the tempo of the field. The details that stung The engineers were struck less by headline tech than by unglamorous choices. The screw threads felt unusually … Read more
Not a border ban Unitree secured CSRC approval for its listing on 2 July, but under the FCC rule its new US-bound products face fresh access questions. It flagged the US market risk in its updated prospectus on 31 July. The US was 18.39, 19.54 and 13.30 per cent of revenue in 2023, 2024 and … Read more
From loss to 600m profit Three years ago the company was loss-making; two years ago quadrupeds were its only revenue. Now humanoids are half the business, with 2025 net profit hitting 600 million yuan. Revenue grew tenfold from 159 million yuan in 2023 to 1.7 billion yuan in 2025, while gross margin rose to 60.4 … Read more
Unitree’s Fordism Unitree’s playbook is pure cost crushing. Its G1 launched at $13,500, a category-redefining price for a 30-plus-degree-of-freedom biped. Where Boston Dynamics’ Atlas costs millions and Tesla’s Optimus keeps slipping on North American supply chains, Unitree leans on a decade of quadruped volume to self-produce core components at scale. The 4.2 billion yuan raise … Read more
On July 28, the US Federal Communications Commission updated its “Covered List,” adding foreign-made advanced robotics — humanoids and quadrupeds — and grid-tied power inverters. The stated rationale was familiar: supply-chain vulnerabilities, cyber risk, threats to critical infrastructure. Officially the rule names “foreign-made” equipment. But Reuters, the BBC and Politico all put China in the … Read more
Humanoid robots are not yet mass-market consumer products, but China’s leading players are already fighting over physical retail entry points. Two Strategies, One Goal In late April, Unitree opened its first directly operated flagship store in Beijing’s Wangfujing Intime in88 mall. By late May, it followed up with an embodied-AI experience centre on Shanghai’s Nanjing … Read more
Wang Xingxing, founder and CEO of Unitree Robotics, has achieved what no Chinese entrepreneur has done in eight years: appear on the cover of TIME Magazine. The cover, published July 23, features Wang alongside Unitree’s mech product GD01 under the headline “The Robot Age Is Here.” The last time a Chinese business leader appeared on … Read more