UBTECH Robotics

UBTECH is one of the earliest humanoid pure-plays and China's most prominent listed humanoid company (Hong Kong-listed since 2023). Its Walker S series works on automotive and electronics lines with partners including BYD, NIO, Geely, FAW-Volkswagen, and Foxconn. In November 2025 it began what it calls the world's first mass delivery of full-size industrial humanoids with the Walker S2, and reports more than 800 million yuan (about US$112M) in cumulative Walker-series orders. In its first-half 2026 results, full-size humanoid revenue jumped roughly 1,445% year over year to RMB 590.3M — becoming the group's single largest revenue line (about 47%, up from 6%) on 921 full-size humanoids sold — as the company targets 10,000 full-size units for the year.