SERES Shares Climb on Humanoid Robot Debut

Stock News06-16

SERES (HKEX: 09927) shares rose nearly 3% in trading, with a gain of 1.74% at the time of writing to reach HK$58.45, on a turnover of HK$42.76 million.

The catalyst for the move was the company's unveiling of its humanoid robot named "Xiao Sai."

SERES Group's director and vice president, Kang Bo, shared a video on Weibo showcasing the robot, indicating that the company is preparing more types of embodied intelligent robots for a formal launch later this year.

The released footage demonstrates that SERES's humanoid robot is already in practical operation, serving various applications from industrial manufacturing for business clients to service and reception roles for consumers.

According to sources, the company is advancing its automotive technology towards L4+ level embodied intelligence, focusing on synergy with its vehicle business. This strategy encompasses consumer-facing areas like retail, service, and companionship, as well as business-oriented applications in manufacturing and logistics.

The company's portfolio of embodied intelligent robots, which includes bipedal, quadrupedal, and wheeled models, is expected to be officially launched within the current year.

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