Unitree, China’s top humanoid robot maker, just went public in a stunning market debut—shares rocketed over 600% on day one, raising $900 million at $22 per share. This IPO on Shanghai’s tech-focused exchange marks the first mainland Chinese humanoid robotics firm to go public, signaling a major leap in China’s race to dominate embodied AI. With Unitree and rival AGIBOT shipping over 5,000 units each last year—far outpacing U.S. competitors—they’re scaling fast, though most robots still dazzle at events like China’s Spring Festival gala rather than tackle real-world jobs. The money will fuel R&D and manufacturing, potentially reshaping how global investors value robotics startups. But a U.S. ban on new foreign-made humanoid robots threatens future sales, even as older models remain eligible for export.
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