UBTECH ROBOTICS Opens Sharply Higher in Early Trading, Up Over 3%, as Company Signs Strategic Cooperation Agreement with YONGDA AUTO

Deep News11-12 09:41

UBTECH ROBOTICS (09880) opened sharply higher in early trading, up over 3%. As of press time, the stock was up 3.20%, trading at HK$79.05, with a turnover of HK$120.7 million.

On November 11, according to UBTECH ROBOTICS' official WeChat account, the company signed a strategic cooperation agreement with YONGDA AUTO (03669).

Under the agreement, YONGDA AUTO will purchase 400 units of UBTECH ROBOTICS' hyper-realistic humanoid robot U1 Pro, and UBTECH ROBOTICS plans to deliver them within this year.

Targeting industry clients, the two parties will collaborate in automotive retail service scenarios on demand research, solution design, product sales and leasing, jointly advancing secondary development of embodied intelligence application technology, solution optimization, and project implementation, to create replicable industry application solutions.

In addition, the two parties plan to jointly build a UBTECH ROBOTICS full-series robot experience and exhibition center in Shanghai, creating an operational window that integrates product display, interactive experience, customer communication, sales promotion, and commercial application demonstration.

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