How Unitree's Go series, which helped the company dominate the quadruped robot market, drew on openly published US university research funded by the US military (Michael Martina/Reuters)
China's Unitree Robotics - among the world's biggest producers of humanoid and quadruped robots - based designs …
Unitree Robotics, a major producer of humanoid and quadruped robots, has seen significant success with its Go series, which helped the company dominate the quadruped robot market. According to Reuters, the designs of these robots drew on openly published US university research funded by the US military.
The company's shares soared in their Shanghai trading debut, with a surge of as much as 629% in early trading, giving it a value of close to £50bn, before closing up 460%. This made Unitree the first listed humanoid robot maker in mainland China.
Unitree's founder, Wang Xingxing, has predicted that humanoid robots will reach "mass market" popularity within a decade, once they can handle 80 per cent of tasks given to them via voice instructions in unfamiliar surroundings. According to JPMorgan, global humanoid robot shipments are forecast to rise to 60,000 in 2026 and 1.75 million units by 2030, with China accounting for more than half of global demand.
Brief written by urgent.news from Techmeme, The Business Times - Companies & Markets, This Is Money, Euronews — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
