Seres Debunks Humanoid Robot Business Plan Rumors; Shares Jump 10%

MT Newswires Live11:45

Chinese automobile maker Seres Group (SHA:601127) denied speculations that it plans to produce humanoid robots, according to a Shanghai Stock Exchange filing on Tuesday.

The statement came after reports circulated online that the company is planning to set up a humanoid robotics business.

The company clarified that it has not signed any deals with any partners to develop such technology and it has no intention of leading a "humanoid robot technology forum."

It said it maintains its focus on the development of new energy vehicles, while "paying attention to the exploration and development of cutting-edge technologies in related fields."

The company's shares rose nearly 10% in recent trade in Shanghai.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment