UBTECH Robotics (09880) Surges Over 5% Again as Partnership with Tianyi Telecom Terminal Targets Large-Scale Humanoid Robot Market Adoption

Stock News11-10

UBTECH Robotics (09880) rose more than 5% again, up 5.12% as of press time to HK$73.85, with a turnover of HK$218 million.

On the news front, according to UBTECH Robotics' official WeChat account on November 9, the company signed a comprehensive strategic cooperation agreement with Tianyi Telecom Terminal. Over the next three years, the two parties will jointly drive the household companion robot terminal industry to exceed one million units and push the terminal industry for hyper-realistic humanoid robots and wheeled humanoid robots to surpass 100,000 units.

This strategic cooperation represents a comprehensive strategic collaboration between a telecom operator's terminal operating entity and a global leader in humanoid robots, covering terminal operations, channel sharing, capability encapsulation, and AI service operations.

According to the company, in the second half of this year, UBTECH Robotics' ten-thousand-unit super smart factory has been put into production, and multiple product lines have entered mass production and delivery. According to a Frost & Sullivan report, the company ranks first globally in revenue market share in both the overall humanoid robot category and the full-size embodied intelligent humanoid robot category.

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