UBTECH Robotics Shares Climb Nearly 5% in Early Trading Following Strategic Partnership with FAW-Volkswagen

Deep News10-16

UBTECH Robotics (09880) saw its shares rise nearly 5% in early trading. As of press time, the stock was up 4.71%, trading at HK$65.60, with a turnover of HK$165 million.

According to UBTECH Robotics' official WeChat account, the company recently entered into a strategic partnership with FAW-Volkswagen Automotive Co., Ltd. The two parties will jointly advance the development and testing of application scenarios for embodied intelligent robots in the logistics sector, while also building demonstration application scenarios to accelerate the deployment and application of humanoid robots in intelligent manufacturing, and to promote the implementation and rollout of humanoid robot intelligent manufacturing solutions.

It is worth noting that UBTECH Robotics recently held a strategic cooperation signing ceremony with C&D Inc. in Xiamen. The two parties will jointly establish a joint venture company to build the "U-Ecosystem Technology Center Fujian Headquarters," and plan to jointly achieve a sales target of no less than 10,000 UBTECH humanoid robots by 2030, promoting the large-scale implementation of embodied intelligence in real industrial scenarios.

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