HK Movers | UBtech Robotics Jumps 8%, Wins Nearly RMB100 Million Yuan Humanoid Robot Order

Trading Random
Jul 21

UBtech Robotics shares jumped over 8% in Hong Kong. According to information on July 18, the public service platform for bidding and tendering in China released the "Winning Bid Announcement for Robot Equipment Procurement Project", indicating that UBTECH ROBOTICS won a 90.5115 million yuan robot equipment procurement project from Mi Yi (Shanghai) Automobile Technology Co., Ltd. This is the largest procurement order that UBtech Robotics has won to date.

It is worth noting that on July 13, the "UBTECH ROBOTICS TECHNOLOGY" official WeChat account announced that since the humanoid robot "Tiangong XINGZHE" was launched in March, as of July 13, the orders for "Tiangong XINGZHE" had reached 100 units. UBTECH ROBOTICS noted that of the current orders, more than 60% are for the mid- and high-end versions, and it is expected that more than 300 units of this robot will be delivered this year. The company is fully committed to building production lines and expanding capacity to meet the high demand for humanoid robots in domestic and international markets.

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