Stock Track | UBTECH Robotics Soars 5.09% Intraday on New Product Delivery and Joint Venture News

Stock Track06-01

UBTECH ROBOTICS's stock price soared 5.09% during intraday trading on Monday, marking a significant upward movement.

The surge is attributed to positive developments in the company's operations. UBTECH's new product roadmap is approaching a key delivery window, with the Walker X robot scheduled for a June launch and the Walker S3 model set to debut in the second quarter. The company has also revised its shipment target upward to 5,000 units for these products.

Additionally, the company has officially registered a new joint venture. Established with partners Muxi Semiconductor and Fenglong Electric, the entity named Xixuan Chuangzhi Technology (Wuxi) Co., Ltd. will focus on developing edge-side chips for embodied intelligence applications. UBTECH holds a significant 35.01% equity stake in this venture.

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