On October 19, Unitree Technology rose sharply during intraday trading and closed at 495.92 yuan per share, up 16.15%, with total market cap recovering to 200.582 billion yuan. This was its largest single-day gain since listing on the STAR Market on August 19, excluding its first trading day (a gain of 460.34%).
Yuehongyuan announced that it plans to acquire 100% equity of Shenzhen Jinwangda Electromechanical Co., Ltd. by cash and obtain control, with a transaction price of no more than 550 million yuan, a premium of about 286% over Jinwangda's net assets attributable to the parent company, and is expected to generate goodwill of about 400 million yuan.
Shenzhen Hongfuhan Technology plans to invest approximately 1.007 billion yuan to build a robotics precision metal components production base project in Wuzhong District, Suzhou, Jiangsu, with a construction period of 2 years. Of this, 220 million yuan comes from remaining IPO over-raised funds and 787 million yuan from its own and self-raised funds, to be used for producing CNC machined components, injection-molded components, and other products.
The 2026 Gaogong Humanoid Robot Annual Conference will be held in Shenzhen on November 3-4 under the theme "Reconstructing the Old Order, Breaking Through Boundaries." More than 100 companies have already registered, and the event is expected to bring together over 400 upstream and downstream companies and more than 1,000 industry leaders. The conference features five special sessions, including mass-production breakthroughs and the evolution of embodied brains and cerebellums, as well as six roundtable dialogues, and will debut GGII's "2026 Embodied Intelligence Progress Research Report." The 2026 Gaogong Golden Globe Awards will be announced on the evening of November 4, with the results forming the [2026 Gaogong Embodied Intelligence Annual Power List].
According to an incomplete tally by GGII Humanoid Robots, 23 new humanoid robot products were released in September, of which 12 came from abroad, accounting for more than 50%; it is the first time overseas launches have exceeded domestic ones. Faraday Future launched 9 new robot products in one go on September 20, driving up the overseas share.
Origin, a full-stack physical AI company focused on indoor construction, announced its emergence from stealth and the completion of $20 million in total funding co-led by Accel and Zacua Ventures. The funds will be used to deploy its flagship OG-1 robot, expand its fleet, and run large-scale pilots in the US and Europe.
Dianchetong tested Robotaxi services from WeRide, Pony.ai, and DiDi Autonomous Driving in Guangzhou after a two-year gap. All three have removed safety drivers, and their operating areas, driving efficiency, and ride experience have improved markedly compared with two years ago.
Zhejiang Sankai Electromechanical completed a Series B funding round of hundreds of millions of yuan, jointly led by the Industrial Machine Tool Industry Investment Fund and Wuchan Zhongda Investment, with Caitong Capital and Wenling Haihe Rongzhi participating. Sankai has spent 19 years making basic parts for machine tools and automated production lines; since 2022 it has launched harmonic reducers, and in 2024 it launched planetary joint reducers suited to humanoid robot joints, with output torque covering 17 to 100 Nm and backlash controlled within 1 arcminute, and it has become a core component strategic partner of the Beijing Humanoid Robot Innovation Center's Tiangong robot.
Lihang Technology announced that it plans to transfer 750,000 yuan of registered capital in Hengsheng Lixun (5% of total share capital) to Ruihe Chengye, Hengsheng Lixun's employee shareholding platform, for a transfer price of 2.6925 million yuan; meanwhile, Hengsheng Lixun plans to add 3.75 million yuan of registered capital, to be subscribed by Ruihe Chengye for 10.7625 million yuan. The company's board of directors approved the relevant proposals on October 19, 2026, and the transfer and capital increase agreements have not yet been signed. After completion, Lihang Technology will hold 52% equity in Hengsheng Lixun, which will remain its controlled subsidiary.
Guoyu Xingchen recently completed a nearly 100 million yuan Series A financing round, jointly invested by Yijing Capital, Fosun Chuangfu, and Luyao Capital. The funds will be used for space robot cluster development and commercial market expansion. The company's self-developed Xingjiyuan-1 was launched on May 21, 2025, at the Jiuquan Satellite Launch Center and has operated stably in orbit for over 15 months, completing key technical drills including combined-power orbital rendezvous maneuvers, non-cooperative target identification, and space situational awareness. Its order backlog totals 100 million yuan, and Xingjiyuan-2 is expected to complete its orbital insertion operation in early 2027.
Unitree Robotics stated on an interactive platform that the company continues to focus on the self-reliance and controllability of core components and supply chain optimization. Specific operating data such as the proportion of self-developed and self-produced components are subject to the company's publicly disclosed information.
The article rebuts the judgment that embodied AI hardware will inevitably become cheap and that all value will accrue to the "brain," arguing that the value of complete-machine makers should not be reduced to a bill of materials. It cites moves including Unitree Technology directing about 2.022 billion yuan of its roughly 4.202 billion yuan in fundraising toward model R&D, Songyan Power launching Scalabot and releasing its first world model, and Boston Dynamics appointing Rohit Prasad as CEO, showing that complete-machine makers are catching up on AI capabilities. The author proposes reassessing hardware value on three levels: businesses already underway, capabilities accumulated through delivery, and future expansion.
The article notes that exoskeleton robots are entering real life ahead of humanoid robots. This National Day holiday, more than 50 mountain scenic areas across the country launched lower-limb exoskeleton rentals, and from October 1 to 6, sales of exoskeleton assist devices on key platforms grew 12.8% year on year.
The China Securities Regulatory Commission disclosed on October 16 Youibot's overseas listing filing notice. The company plans to issue no more than 49.4778 million overseas-listed ordinary shares for listing on the Hong Kong Stock Exchange, and 243.8 million domestic unlisted shares held by 37 shareholders in total will be converted into overseas-listed shares to achieve full circulation. It also plans to apply for listing as a specialist technology company under Chapter 18C of the HKEX Listing Rules, with CICC as the sole sponsor.
The 2026 China Robot Competition (RoboCup China Open) was held at the Hangzhou Baimahu International Convention and Exhibition Center, featuring an embodied dexterous manipulation track for the first time, with two events: "Three-Finger Dexterous Manipulation — Ball Tower Challenge" and "Five-Finger Dexterous Manipulation — Artistic Skills Challenge."
The Embodied Intelligence Application Supply Chain Sharing Forum of the 2026 "China Chip" Conference will be held on November 2 in Hengqin. Guests from companies including LimX Dynamics, Wujie Dynamics, Zibianliang, Goke Microelectronics, Yiwei Technology, and Puchang Information, as well as experts from the China Software Testing Center, will attend.
The First Global Embodied Intelligence Application Innovation Challenge and the 2026 China Robot Competition concluded on the afternoon of October 18 in Hangzhou. Over the three-day schedule, more than 2,000 teams and nearly 5,000 contestants from Tsinghua University, Zhejiang University, Shanghai Jiao Tong University and other institutions competed through real-machine operation and real-scenario contests, with 59 champions, 57 runners-up, 52 third-place winners and 12 enterprise special competition award-winning teams decided.
According to Bloomberg, DeepSeek plans to lead the seed round of Winverse AI, a robotics AI company founded only a few months ago, with funding in the tens of millions of dollars and a post-money valuation of about $400 million; Longzhu Capital, under Meituan, is participating.
Fa'ao Robotics announced at the 2026 China International Industry Fair that it has completed its C+ and D funding rounds, with a cumulative scale of nearly 1 billion yuan. Investors include Meituan Dragon Ball, Yongxin Capital, Shishan Phase II, and Suzhou Venture Capital, among others. The funds will be invested in expanding production capacity for core components and in scaling up R&D for industrial embodied intelligence.
SUPCON's independently developed Universal Control System (UCS) has been successfully commissioned in the intelligent upgrade of Qinghai Salt Lake Magnesium's 300,000-ton ethylene-based PVC plant, making it the first large-scale UCS deployment in China's ethylene-based PVC industry; meanwhile, the TPT time-series large model has won the bid and entered the deployment and implementation phase.
Why it matters: The original article provides details on the retrofit window and delivery, and the transferable point is how software-hardware decoupling plus skid-mounted prefabrication can compress serial work into parallel work.
SUPCON held an industrial AI results conference in Ningbo, launching an industrial AI foundation platform centered on the TPT time-series large model and integrating it with the universal control system UCS to build the AOP autonomous operations factory system, connecting the perception-analysis-decision-execution chain. TPT and AOP have been replicated across 29 sub-sectors, and SUPCON signed industrial chain cooperation agreements with Huawei, Alibaba Cloud and others, while the industrial AI data alliance has more than 300 members. Companies including Wanhua Chemical and Zhenhai Refining & Chemical disclosed the results of TPT in early warning and optimized operations at chlor-alkali and refining units.
The Ministry of Commerce and eight other departments jointly issued the Opinions on Accelerating the Advancement of Commerce Through Science and Technology, explicitly proposing to accelerate the market transformation of frontier scientific and technological achievements such as brain-computer interfaces and embodied intelligence. The document promotes the implementation of embodied intelligence in the commerce sector, expands two major scenarios—home services and commercial logistics—and promotes the series of national standards titled "Artificial Intelligence Terminal Intelligence Grading." It also proposes relying on inclusive computing power to support AI entrepreneurship in the commerce sector, cultivating new business forms such as robots and virtual digital human companions, and increasing fiscal and financial supporting support for technological transformation of commercial facilities and upgrading of intelligent equipment.
IPLUSMOBOT will present customized automation solutions centered on the emma600K standard AMR and Forklift AMR at Booth F2 of Industrial Transformation (ITAP) 2026, held October 21–22 at Suntec in Singapore.
The article examines whether Midea's robotics business can become the group's second growth curve. It notes that revenue in its robotics and automation segment reached 16.621 billion yuan in the first half of the year, up 10.27% year on year, but gross margin fell 1.86 percentage points year on year to 20.9%, accounting for only 6.39% of the group's total revenue, putting it in a phase of revenue growth without profit growth.
Jingzhi Yihao (Beijing) Technology Co., Ltd. was recently established, with Yang Xue as legal representative and registered capital of 1 million RMB, wholly owned by JD Technology Information Technology Co., Ltd. Its business scope includes cloud computing equipment sales, cloud computing equipment technical services, and leasing of computers and communication equipment.
Meihao Medical stated on an interactive platform that the first batch of MT ferrule samples has been prepared, and work including product validation and customer sampling is currently proceeding in an orderly manner.
Alpha Robotics is showcasing its intelligent service robots at the 140th Canton Fair. Its products have been exported to more than 90 countries and regions, serving over 10,000 well-known enterprises, with cumulative global shipments exceeding 50,000 units.
According to Tianyancha App, Guangzhou Xiaoma Huixing Technology Co., Ltd., a subsidiary of Pony.ai, recently underwent a business registration change, with its registered capital increasing from $429 million to $529 million, an increase of about 23%. The company was established in January 2018, its legal representative is Mo Luyi, and it is wholly owned by Hong Kong Pony.ai Co., Ltd. Its business scope covers manufacturing of auto parts and accessories, software development, AI application software development, and manufacturing of intelligent in-vehicle devices.
Innoscience announced a collaboration with ULink Intelligent to use its 100V GaN power device INN100EBD018EAD in the Dexa Cyclo cycloidal joint module. Power conversion losses are reduced by 50%, the main power conversion circuit size is reduced by 75%, and the overall joint module is 15% to 20% smaller. It covers humanoid robot shoulders, elbows, hips, and knees, and also targets collaborative robotic arms and special service robots.
At the 2026 China International Industry Fair, Shanghai launched the "Action Plan for Accelerating the Development of Next-Generation Intelligent Manufacturing," which aims to put 8,000 humanoid robots into factories in automotive, electronics, equipment manufacturing, and other sectors by 2028.
Panhu Intelligent TigerX has completed its first angel round of financing in the tens of millions of RMB, jointly invested by Puhua Capital and Hengze Capital, with the funds going toward R&D of the TigerMind multi-dimensional sensory cognitive world model, edge intelligence, and industry-grade embodied intelligence systems. The company has built its technology system around Physical Interactive Intelligence (PII), focusing on embodied operations in confined spaces and physical capabilities in extreme environments, and has already begun co-creating scenarios with partners in urban public utilities, industrial infrastructure, and smart home and elderly care.
The three major A-share indices closed mixed, with the Shanghai Composite up 0.39%, the Shenzhen Component up 0.13%, and the ChiNext Index down 0.94%. Robotics stocks led gains, with Unitree Robotics rising over 16%. Zhaowei Machinery & Electronics, Zhejiang Rongtai, and Wanfeng Auto Holding hit the daily limit up, while ICBC and China Construction Bank shares hit record highs. The semiconductor sector weakened, with Skyverse falling over 10% and ChangXin Memory Technologies and Hwatsing Technology falling over 7%.
36Kr Research Institute released the "2026 China AI Agent Industry Development Research Report," noting that China's AI Agent industry is entering an early stage of productivity validation and commercialization ramp-up: general-purpose enterprise Agents are landing first, vertical industry Agents are accelerating toward scale, personal consumer Agents are being rapidly explored, and on-device and embodied Agents remain in ecosystem layout and early validation.
Vincent, Senior Vice President of Highpower Technology, explains the logic behind the company's transformation into an AI energy foundation, laying out three growth curves: AI-enabled consumer electronics, AIDC energy storage, and robotics. The company has already entered deep cooperation with AgiBot, rolling out robot dogs, companion robots, data collection, and embodied robots in stages. Technologically, it is pursuing solid-state, lithium, and sodium battery routes in parallel, with steel-shell stacked batteries raising energy density by 30%–50%. It is deeply tied to customers including HP, Dell, DJI, Sony, Meta, Google, Harman, and Amazon, upgrading from supplier to co-definer.
At the SIVA2026 Global Spatial Computing Industry Development Forum, PICO, QS Technology, and Pimax all discussed robot data collection, noting that the spatial positioning and motion tracking technologies VR has built up around immersive experiences are now being used for embodied intelligence data collection.
Less than two months after its listing, Unitree Robotics has lost about 270 billion yuan in market value. As of the October 16 close, its share price was 426.98 yuan and its total market value about 172.7 billion yuan, a drawdown of about 61.18% from its first-day opening price, yet still about 183% above its 150.80 yuan IPO price.
Unitree Robotics rose over 15% intraday and is now at 492.00 yuan.
MemSilicon announced on October 19 that it has closed a Series A round of over 400 million yuan, led by Boyuan Capital, with participation from Robert Bosch Venture Capital, Chuangling Capital, miHoYo, Zhongguancun Science City Company, GigaDevice and others, while existing shareholders Fusong Investment, CDB Science and Technology Innovation, Hengyu Capital, Jinqiu Fund, Shunxi Fund, Xiaomi Strategic Investment and CAS Star continued to increase their investment. The funding will be mainly used for the industrialization and commercialization of RRAM, as well as the development of the new LPU product.
Microzeal Aviation won the bid for the Rongtong special logistics drone service selection project and became a qualified supplier in the central state-owned enterprise registry. Its Yunxiong WZ500 fixed-wing unmanned transport aircraft completed its maiden trial run on the cross-sea route from Heshan in Yangjiang, Guangdong, to Wenchang, Hainan. The WZ500 has a maximum takeoff weight of 1.5 tonnes, a rated payload of 500 kg, a cargo hold volume of 5 cubic meters, a range of over 500 km at full load, and a minimum takeoff and landing distance of less than 400 meters. Composite materials account for over 90% of its structure, it has accumulated over 12,000 km of flight verification, and it has completed tests in -30°C extreme cold, 95% high humidity, and desert environments.
The winning bid for Fuzhou Survey Institute Co., Ltd.'s high-quality dataset construction project for a low-altitude drone perception network has been announced, with China Mobile Communications Group Fujian Co., Ltd. winning at 66.8 million yuan. The project runs until May 30, 2028; within 60 days of winning the bid, customized development of a data annotation system, a dataset management system, and a data value service system must be completed; within 2026, no fewer than 10 high-quality datasets and no fewer than 1 million image-text pairs in the low-altitude economy plus urban governance field must be produced, alongside construction of no fewer than 5 toolchains, and model adaptation and pilot applications must be carried out in no fewer than 5 typical scenarios.