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Add The New York Post on Google Leading Chinese robotics firm Unitree – known for its backflipping humanoid robots and robotic dogs – surged 460% on Wednesday after making its public debut in Shanghai.
Unitree – whose dexterous robots have gone viral with displays of dancing and martial arts, while raising national security concerns in Congress – raised 6.1 billion yuan, or about $904 million, in its public debut.
The Hangzhou-based firm is the first robotics firm from mainland China to go public, with investors including AI firm DeepSeek and tech giant Tencent.
The monster public debut came just two days after Unitree unveiled a next-gen humanoid robot it calls “Superman,” which is purportedly capable of leaping more than six feet in the air and running at more than 28 miles per hour.
“The mass-production inflection point appears close,” JPMorgan Chase & Co. analysts said in a note, according to Bloomberg.
Wang Xingxing, Unitree’s 36-year-old CEO, saw his personal wealth surge as high as $16 billion during the blockbuster trading debut, according to Forbes.
The company generated about $250 million in revenue last year, with about 13% of that total coming from the US, according to disclosures.
In the US, Elon Musk’s Tesla has unveiled plans to build huge numbers of “Optimus” humanoid robots, but they have yet to enter mass production.
As The Post reported back in 2024, US officials have grown increasingly concerned about the rapid progress of humanoid robots made by Unitree and other China-based firms.
Some have voiced fears that the Chinese Communist Party or state-sponsored bad actors could use them to sabotage critical infrastructure or spy.
Last month, the FCC banned imports of foreign-made humanoid robots and “robot dogs” in what was widely seen as a measure targeting China, which controls about 85% of the global market.
FCC Chairman Brendan Carr said the ban, which only applies to “new versions” of the robots, was meant to “secure America’s critical supply chains.”
Elsewhere, the Pentagon in June added Unitree to a list of companies that work with the Chinese military.
With Post wires