Chinese robot maker Unitree Robotics has received regulatory approval for a Shanghai listing through which it plans to raise 4.2 billion yuan ($619.4 million). This approval comes as China’s onshore IPO market shows signs of life after a long slowdown.
Robotics Sector Investment
Unitree plans to use the proceeds for robot artificial intelligence model research, robot body research, new robot product development, and a smart robot manufacturing base. The company makes humanoid robots, four-legged robots, and robot parts.
The Hangzhou-based company’s listing would test investor demand for China’s robotics sector, a key part of Beijing’s push to develop machines that can use AI in factories, homes, and public spaces.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
