As of the close on August 28, Unitree Technology’s share price stood at RMB 585, giving it a market capitalization of RMB 236.6 billion. The company listed on the STAR Market on August 19 with an IPO price of RMB 150.80 per share, resulting in a post-IPO market cap of approximately RMB 61 billion. On its debut day, the stock opened at RMB 1,100, briefly pushing its intraday market value above RMB 444.9 billion. Based on its current valuation, the company’s projected 2025 revenue is RMB 1.699 billion, implying a price-to-sales ratio exceeding 130x.
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On August 24, XPeng Robotics closed its first funding round, raising over $900 million at a post-money valuation exceeding $6.3 billion (approximately RMB 43 billion). The round was led by IDG Capital, with participation from Gaorong Capital and strategic investments from Tencent and Alibaba. Proceeds will be used for hardware and software R&D, physical AI model training, data collection, mass production facility construction, and global commercial expansion. XPeng’s IRON humanoid robot is scheduled for mass production by the end of 2026 and delivery in China and overseas markets in 2027. It features 76 degrees of freedom and is powered by three Turing AI chips, delivering an effective computing power of 2,250 TOPS.
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The Second World Humanoid Robot Games concluded in Beijing on August 26. The event attracted 666 teams from 16 countries and regions, fielding 2,056 robots across 51 events and 1,301 matches. The “Tiangong” robot from Beijing Humanoid Robot Innovation Center set a new record in the large-size category 100-meter semifinal with a time of 8.86 seconds, breaking the previous record of 9.39 seconds. In the 400-meter race, times improved to 45.66 seconds in the small-size category and 38.15 seconds in the large-size category. The 1,500-meter run was dramatically shortened from last year’s 6 minutes 34.40 seconds to 2 minutes 21.64 seconds. The standing high jump record soared from 0.95641 meters to 3.40 meters.
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On August 24, Li Tengfei, Vice President of Leapmotor, confirmed during the company’s 2026 interim earnings call that Leapmotor is planning a robotics business, with formal details to be disclosed via official announcements. Corporate registration records show that Zhejiang Lingsheng Power Technology Co., Ltd.—a wholly owned subsidiary of Leapmotor—established Huzhou Lingsheng Precision Manufacturing Co., Ltd. in July 2026 with registered capital of RMB 210 million. Its business scope includes industrial robot manufacturing and intelligent robot R&D.
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On August 26, RoboSense released its 2026 interim results: total revenue reached RMB 1.02 billion, up 30.2% year-over-year; total LiDAR shipments amounted to 719,200 units, a 169.6% increase YoY. Of this, robotics-related LiDAR shipments totaled 282,600 units, surging 510.4% YoY, contributing nearly 50% of product revenue and becoming the primary source of gross profit. The company has partnered with nearly 60 embodied intelligence firms, including Unitree, Agility, and Fourier. It is also commercializing three core components—“eyes” (spatial cameras), “skin” (visual-tactile and MEMS tactile sensors), and “muscles” (joint modules)—with deliveries expected to commence between late Q3 and Q4 2026.
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On August 26, Leader Harmonic announced its board had approved a proposal to issue H-shares and list on the Main Board of the Hong Kong Stock Exchange. In H1 2026, the company reported revenue of RMB 349 million, up 38.64% YoY, and net profit attributable to shareholders of RMB 70.1092 million, up 31.25% YoY. Its harmonic reducers hold approximately 15% of the global market share—the second largest worldwide and the largest in China—and the company has expanded into planetary roller screws and mechatronic actuators, serving downstream applications in humanoid robots, industrial robots, automotive, and semiconductor equipment.
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On August 24, Mech-Mind commenced its IPO subscription, offering 23,140,600 shares globally at a maximum offer price of HK$101.70 per share. Each board lot consists of 30 shares, with an estimated minimum subscription cost of HK$3,081.76. At the top end of the price range, the offering would raise approximately HK$2.279 billion, with net proceeds of about HK$2.129 billion earmarked for technology R&D, global expansion, product portfolio diversification, capacity enhancement, and working capital. The company expects to list on the Main Board of the Hong Kong Stock Exchange soon.
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Lingchu Intelligence recently completed a new funding round exceeding $100 million. Investors include Tuopu Group, Ruicheng Fund (under Chery Holdings), Lens Technology, 37 Interactive Entertainment, Wuhu Municipal Investment & Control Group, Fosun Fortune, among others. Existing shareholder Zhuhai Science & Technology Industry Group participated with an oversubscribed follow-on investment. Funds will support breakthroughs in embodied intelligence technologies and commercial deployment in logistics and advanced manufacturing scenarios.
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On August 26, Faraday Future (FF) announced its EAI Robotics Acceleration Plan, targeting the launch of a robot factory by the end of 2026 and the rollout of its first next-generation EAI robot platform in February 2027. The company unveiled two new models: the full-size humanoid robot Next Futurist and the quadruped robot Next Aegis, and plans to introduce 3–5 new robot products annually in the U.S. As of August 4, FF had shipped 394 EAI robots, and it has raised its full-year 2026 shipment target from 1,500 to 2,000 units. FF stated it intends to invest at least $5 billion in its robotics business over the next decade.
