Chinese robotics giant Unitree soars in stock market debut

Unitree Robotics, the world's largest humanoid robot maker, made its stock market debut in Shanghai on Wednesday, with shares surging over 460% in their first day of trading. The Chinese firm's shares, initially offered at 150.80 yuan ($22.36), closed at 845 yuan. This highly anticipated listing on the technology-focused Star Market marks a significant milestone for Beijing's ambitious plans to boost the country's robotics industry.

As the US and China compete for global dominance in robots and AI-powered models, Unitree's debut is the first by a Chinese humanoid robot maker in mainland China.

Founded in 2016, Unitree has become a key player in Beijing's robotics ambitions, selling a range of devices from sensors and automated arms to four-legged and human-like machines. The firm shipped over 5,500 humanoid robots last year as demand grows. Unitree is one of the few companies to turn a profit, earning 278 million yuan in 2025, and competes with US developers in producing robots at lower prices.

Based in Hangzhou, the region hosts a "golden cluster zone" of robotics firms that benefited from substantial government investments.

Robotics are considered a strategic priority in China's push for advanced technology leadership, with the sector expected to address the challenges of an ageing population and potential worker shortages. Unitree's robots start at $2,700, a fraction of the $70,000 price tag for Boston Dynamics' four-legged robot, Spot. The company's IPO has drawn attention, with its machines competing in the 2026 World Humanoid Robot Games in Beijing.

Experts suggest Unitree's market debut could serve as a gauge of investor appetite for the rapidly expanding humanoid robotics sector. However, some caution that demand for robots outside industrial and commercial settings remains uncertain, as developers need to address issues like battery life, privacy, and reliability before robots become prevalent in homes.