Booth reservations are now open for the 2027 Humanoid Robot Ecosystem Conference (HREC), which will be held April 15-18, 2027, at the Shanghai Automobile Exhibition Center. The conference is hosted by China Robot Network, was founded in 2024, and has been held 3 times; humanoid robots, dexterous hands, components, and industry chain brands will exhibit.
South Korean President Lee Jae-myung unveiled a budget proposal raising total fiscal spending for 2027 by 12.8% to 820.9 trillion won, with 21.3 trillion won allocated to semiconductors, physical AI, and AI data centers, nearly double the 2026 level. Another 4.7 trillion won is earmarked for R&D on proprietary large AI models, and the plan also calls for training 2,000 semiconductor design specialists. The defense budget rises 8.2% to 73.3 trillion won, with plans to build a manned-unmanned teaming system relying on AI, robots, and drones.
Anhui Zhongke Miwei Technology Co., Ltd. has undergone a business registration change, adding Sanya Baichuan Zhixin Private Equity Investment Fund Partnership (Limited Partnership), a Baidu-affiliated fund, and Beijing Zhongke Turing Fund Management Co., Ltd., among others, as shareholders. Its registered capital increased from approximately 9.78 million yuan to approximately 11.5 million yuan. The company was established in May 2023, with Wang Ziyan as its legal representative. Its business scope includes wholesale and retail of computer software and hardware and auxiliary equipment, as well as computer system services.
Dubai investment institutions are shifting their focus from consumer internet to industrial AI, robotics, manufacturing, and supply chains. Noor Sweid, founder of Global Ventures, said its focus leans toward enterprise services and industrial scenarios. In the first half of 2026, UAE startups raised 895 million USD, up 53% year on year, accounting for 66% of financing in the Middle East and North Africa region. Investors stressed that domestic industry rankings cannot replace validation in overseas markets; products need to adapt to local demand and build up delivery and local partnership capabilities.
Keda Intelligent submitted its listing application to the Hong Kong Stock Exchange on October 22, making another push for a dual "A+H" listing. Proceeds are mainly intended to consolidate its technological advantages in digital energy and robotics, expand its global footprint, and supplement working capital. The prospectus states that from 2020 to 2025 its cumulative industrial robot revenue ranked first in China and its cumulative SRM stacker revenue in the lithium battery industry ranked first in China's lithium battery industry, but robotics revenue accounts for only about 24%, and overseas revenue in the first half of 2026 was less than 20 million yuan.
Pangolin Robot's PANDA delivery robot has launched in Argentina through partner ROBOTEK, and can handle food delivery and greeting interactions in hotels, restaurants, or offices. The robot is positioned as a small assistant whose main tasks are delivering dishes and entertaining diners; specific payload, battery life, and other specifications were not disclosed.
An analysis by Cninfo WAVE argues that robots have yet to enter factories and homes at scale, instead surging first into commercial performances, exhibitions, elderly companionship, and other scenarios, spawning a secondary-development and rental ecosystem. Daily rental for humanoid robots has fallen from a peak of 30,000 yuan a year ago to under 2,000 yuan for basic models, while QingTianZu has reached a valuation of 7 billion yuan; yet a robot 6S store in Guiyang still shows a 40% gap between monthly revenue and costs. The author judges this to be a transitional commercialization stage between demo and commercial deployment, with rental vacancy rates and store operating costs as the main risks.
Tutor Intelligence announced the completion of a $75 million Series B round led by Andreessen Horowitz, bringing the company's total funding to $117 million.
On November 3, Xiaomi disclosed that Xiaomi Group received the 2026 World Internet Conference "Outstanding Contribution Award" in the Innovation Breakthrough category, and that its robotics business's "key technologies for a general-purpose robot manipulation foundation model aimed at large-scale deployment" received the conference's "Leading Technology Award." During the summit, Xiaomi also disclosed that its humanoid robot has preliminarily completed validation of production-line-level operational capability.
Lens Technology's investor relations record disclosed on November 1 shows that its Kunshan base humanoid robot production line has achieved a daily output of 100 units, with plans to reserve capacity of more than 10,000 units per month each for its customer's Q series and T series. The company said its cooperation model will extend from OEM whole-machine manufacturing to ODM collaborative design and manufacturing, and that it has participated in the development and testing of joint modules, DCU controllers, and OmniPicker grippers for AgiBot's Lingxi X1. In the first three quarters of 2026, Lens Technology's revenue fell 10.74% and net profit fell 50.06%, with new businesses such as robotics accounting for less than 10%.
Unitree Technology listed on the Shanghai Stock Exchange on August 19 at 150.8 yuan per share, with its market value briefly exceeding 440 billion yuan before falling below 170 billion yuan, then recovering to 267.824 billion yuan at the November 2 close. The article argues that this fluctuation marks an industry turning point, with companies such as AgiBot and Weiyi Intelligent Manufacturing successively delaying their listings; primary-market financing continues, but valuation approaches are shifting toward performance and orders. The author notes that robot IPOs have not cooled off; rather, the industry has become more rational, and only companies that can achieve sustainable gross margins in a single scenario are qualified to enter the next round.
Henggong Qiyuan Intelligent Technology (Shanghai) Co., Ltd., wholly owned by Henggong Weichuang Embodied Intelligent Technology (Shanghai) Co., Ltd., a subsidiary of Henggong Precision, was recently established in Shanghai with registered capital of 5 million RMB and Wei Jianqiu as legal representative. Its business scope includes technology import and export, goods import and export, and software development.
As a member of the Jiangsu delegation, Huaxia Robotics participated in the health and wellness session of the 16th Jiangsu–Macao·Portuguese-Speaking Countries Business Summit, where its RoboCare health monitoring solution became a focus of the presentation. It also showcased the new-generation bionic robot Xialan R03, Xingxingxia P2, and the deployment scenarios of its health and wellness robots in elderly care institutions. The event highlighted 48 quality health and wellness products from Jiangsu and reached 9 cooperation projects with a total value of nearly 300 million yuan, covering areas such as intelligent robot applications. Huaxia Robotics also visited institutions including the Macao Social Welfare Bureau, and will subsequently advance the implementation of practical cooperation with health and wellness institutions in Hong Kong and Macao.
Digital China's new-generation bionic robot Xialan R03 appeared at the 29th China (Humen) International Fashion Fair in Humen, Dongguan, wearing new Chinese-style clothing featuring intangible cultural heritage and interacting with buyers, introducing clothing design concepts and brand stories. The robot can take on tasks such as greeting and reception, product explanation, and introducing design highlights, and is seen as a reusable digital cultural guide. Digital China said it will continue to refine Xialan R03's interaction capabilities and create standardized AI display, reception, and explanation solutions for scenarios such as apparel brands, Chinese-style stores, fashion shows, and industry exhibitions.
Schaeffler Group reported revenue of 17.481 billion euros for the first nine months of 2026, nearly level with the prior year on a currency-adjusted basis, with EBIT before special items rising to 794 million euros and a margin of 4.5%. The humanoid robotics business added new customers and expanded its order backlog during the reporting period, and the company accordingly confirmed its full-year 2026 guidance and 2028 mid-term targets. Due to weakness in European automakers' business in China, the e-mobility division recorded a one-off impairment and provision of approximately 240 million euros.
Schaeffler reported revenue of €17.481 billion in the first nine months of 2026, close to the prior-year level at constant currency, with the EBIT margin before special items rising to 4.5%. The group said its humanoid robotics business won new customers and expanded its order backlog during the reporting period, while confirming its full-year 2026 guidance and mid-term targets for 2028.
Schaeffler announced a new performance improvement program that will cut a net 3,460 positions in Europe, including about 2,660 in Germany, and close five sites including Dortmund, Morbach, Berlin and Schwalbach (four in Germany).
Schaeffler announced a new performance improvement program that will cut a net 3,460 positions in Europe, including about 2,660 in Germany, and plans to close four German plants. About 50% of the job cuts involve production, 30% research and development, and 20% other functions, spanning 16 sites in Europe.
At the "AiPartner Bringing AI to the Frontline — Ningbo Coffee Life Week Scenario Innovation Exchange," hosted by the Yinzhou District Development and Reform Bureau of Ningbo and 36Kr, Meike's AI flexible multi-category unmanned beverage robot entered the coffee retail scenario with a 1.4-square-meter device, 24/7 unattended operation, and 60-second production.
Lingchu Intelligence and Hengyan Technology are jointly delivering the Li-Ning East China Smart Logistics Center project. The embodied robot, equipped with Lingchu's self-developed model, has been deployed on site and entered trial operation, taking on routine work and fulfilling commercial orders. The solution targets the bin-picking scenario in footwear and apparel warehousing, where shoeboxes are mixed in storage and item poses are random. The model can autonomously break down multi-step goals and complete recognition, pose estimation, dexterous grasping, product sorting, and pushing full boxes, without requiring large-scale modification of existing infrastructure. During the trial operation, Lingchu will work with Li-Ning's warehouse operations team on stress testing and validation of abnormal conditions, optimizing bin-picking success rates and stability during long periods of continuous operation.
Xiaomi Group received the Outstanding Contribution Award at the 2026 World Internet Conference, and its "key technologies for a general-purpose robot manipulation foundation model for large-scale deployment" received the Leading Science and Technology Award. Xiaomi also disclosed that its humanoid robot took on an 8-hour shift for the first time at a center-console side-cover sequencing workstation in a car factory and achieved autonomous anomaly correction; an embodied foundation model based on Xiaomi-Robotics-1 began trial operation at Xiaomi Youth Apartments, completing long-horizon task validation of over 30 consecutive minutes, covering 3 rooms and 50+ tasks.
Wangyuan Technology received a CSRC overseas listing filing notice on October 30 and plans to issue no more than 12.6886 million shares in a bid for a Main Board listing on the Hong Kong Stock Exchange. Its prospectus shows revenue rose from 378 million yuan in 2023 to 812 million yuan in 2025, while net margin fell from 16.1% to 12.4% and sales and marketing expenses reached 303 million yuan in 2025.
Lens Technology disclosed institutional research information on November 1: its Kunshan robotics base has achieved a daily output of 100 units and plans to provide production capacity guarantees of more than 10,000 units per month for the customer's Q-series and T-series products respectively next month. The company's net profit attributable to shareholders for the first three quarters of 2026 was 1.420 billion yuan, down 50.06% year-on-year, including exchange losses of 654 million yuan. Lens Technology is collaborating with Shangwei Qiyuan to transition from OEM to ODM and vertical supply chain integration, and has cooperated with AgiBot in developing core components such as dexterous hand modules and key joint modules.
Sage Intelligence recently completed a Pre-B round funding of hundreds of millions of yuan, with investors including Jiantou Investment Co., Ltd., Nantong Investment Management, and Yunqi Capital. The funds from this round will mainly be used for large model R&D, iteration of the multi-arm robot body, production line expansion, and deep expansion into global markets.
Xiaomi Group received the 2026 World Internet Conference Outstanding Contribution Award, and its "key technologies for a general-purpose robot manipulation foundation model for scaled deployment" received the Leading Technology Award. Xiaomi's humanoid robot took on an 8-hour shift for the first time at the center console side cover sequencing station in an automotive plant, achieving autonomous anomaly correction and system-level coordination with the production line; an Agent system built on the Xiaomi-Robotics-1 pretrained model is in trial operation at Xiaomi Youth Apartments, completing long-horizon task validation of over 30 consecutive minutes, covering 3 rooms and 50+ tasks.
According to foreign media reports on October 31, Meta partnered with Chinese robotics company Fourier Intelligence to develop a humanoid robot prototype named Max in only about three months, and a second-generation product is already in development. Max is about 1.5 meters tall and weighs 48 kilograms, is equipped with an NVIDIA Jetson Thor chip, has five-fingered dexterous hands and a display that can simulate human facial expressions, and needs to recognize voices and gestures and maintain eye contact with people.
Rockchip and SigmaStar reported a combined net profit of 1.174 billion yuan in Q3 2026, with Rockchip at 473 million yuan for the quarter, up 90.49% year on year, and SigmaStar at 701 million yuan, up 752.76% year on year. Rockchip's RK3588, RK3576 and other chips handle robot visual recognition, 3D mapping and path planning, and the company has launched a multi-sensor data acquisition solution; SigmaStar shipped more than 10 million robot vision chips in 2025 for a 23% global share, and its SSU9366 targets outdoor and companion robots.
Jianzhi Xinchuang (Beijing) Robotics Technology Co., Ltd. announced the completion of a $100 million Series A+ funding round in Q3, with investors including SAIC Motor, Baidu Group, Shoucheng Holdings, and other industrial parties as well as multiple financial institutions. Founded on May 29, 2025, the company positions itself as a data and evaluation infrastructure service provider for embodied intelligence and world models. Founder and CEO Chen Jianxing previously served as a senior algorithm director at Momenta.
The 36Kr WISE2026 "Embodied Intelligence & Culture, Commerce and Tourism" sub-forum is scheduled to be held on November 26 at the National Information Technology Application Innovation Park Conference Center in Beijing Yizhuang, under the theme "The 'Cyber Scene' of Culture, Commerce and Tourism: Embodied Intelligence Activates New Consumer Tracks." Demand-side parties including Zhuhai Wanda Commercial Management Group, Joy City Holdings (Joy Life), and Longfor Group have confirmed their attendance. A dedicated matchmaking session will be held on site, allowing scenario demand-side parties and technology companies to communicate face to face on adaptation solutions, costs, and pilot conditions. The sub-forum will also feature a roundtable discussion on implementation thresholds and long-term operations, and will release the "2026 China Embodied Intelligence Legal Services White Paper."
Geek+ announced the "24/7 Autonomous Intelligent Warehouse Plan," establishing embodied intelligence and full-warehouse intelligence as its next strategic direction, driving warehouses toward 7×24-hour unmanned autonomous operation and continuous evolution. The plan relies on end-to-end robotic solutions and a warehouse brain software platform comprising RMS, WES, and IOP, focusing on three areas: end-to-end process integration, strengthening intelligent closed loops, and large-scale deployment. Geek+ says it already has a global large-scale commercial deployment and localized operations system, but the autonomous capabilities in the plan remain development goals.
Leitech believes robotics IPOs have not cooled; the industry has simply become more rational. Unitree listed on August 19 at 150.8 yuan per share, with its market value briefly exceeding 440 billion yuan before falling below 170 billion yuan, then rebounding to 267.824 billion yuan on November 2. Since then, HuanDong Technology withdrew its STAR Market application, Leju Intelligence suspended its listing process, AgiBot delayed its listing, and Weiyi Zhizao postponed its global offering.
Flexible tactile sensor company Saigan Technology has completed a Pre-A++ funding round of tens of millions of yuan, with Guangzhou Industrial Investment Holdings as the sole investor. The funds will be used mainly for R&D in iontronic flexible technology and the iteration and rollout of a new generation of products, as well as to advance cross-industry customer validation and industrial market expansion.
On November 2, Jianzhi Robotics and GenRobot AI each completed a $100 million Series A+ round on the same day, and RoboScience secured a Series A2 round in the hundreds of millions of yuan. All three investments went to embodied data companies that do not build their own robot bodies. Jianzhi says it has raised over $300 million cumulatively, with effective data deliveries rising from 100,000 hours per quarter to one million hours; RoboScience says it has cut the cost per training data item to 0.05 yuan. The author argues that body, large-model, and data companies are being priced in separate tiers, but the conversion rate of one million hours of effective data and continued customer purchasing remain unclear.
On November 2, at the first CMG World Robot Mount Tai Climbing Competition, the Unitree G1 developer edition withdrew due to overheating and was carried down the mountain by staff on a stretcher. The author argues the problem is not just cooling components, but a zero-sum contest inside the chassis among compute, battery, and heat dissipation for limited space and power. The G1 has a 9000mAh battery and a runtime on the order of about two hours; during continuous ascent, joint motors sustain high-torque output, accelerating thermal degradation. The article also cites CAICT report data: in the first half of the year, global humanoid robot shipments exceeded 22,000 units, with more than 60% going to entertainment performances and science education/data collection, while intelligent manufacturing scenarios accounted for about 13%.
Tesla's latest Optimus hiring list adds 7 positions: Data Collection Supervisor, Quality Control Technician (night shift), Lead Engineering Technician (afternoon shift), Senior Mechanical Engineer (actuator hardware validation), Metrology Specialist, Battery Interconnect Manufacturing Engineer, and Production Assistant, located across Palo Alto, Fremont, and Austin. The focus of the roles shifts from data collection to production, quality control, and hardware validation, and is seen as engineering preparation ahead of Optimus mass production. The article argues that the bottleneck for mass production lies in actuator hardware validation and battery interconnect manufacturing yield, rather than algorithm demonstrations.
Embodied intelligence funding in October totaled only 33 deals, nearly halving from September, but total amount did not drop significantly, with capital shifting to leading complete-machine makers and mid-to-late-stage projects. Old shares were offloaded at 65% to 80% of face value, while capital flowed to core components such as tactile sensing, power modules, and data engines, as well as infrastructure like robot assembly plants. On the industry side, full-year humanoid robot output is expected to reach 100,000 units, with first-half sales up 22% year on year.
Shanghai Sage Intelligent Technology has completed a Pre-B funding round worth hundreds of millions of yuan, with investors including Jiantou Investment, Nantong Investment Management, and Yunqi Capital. The funds will be used for large-model R&D, iteration of multi-arm robot bodies, production line expansion, and overseas market development. The company has built a body matrix spanning single-arm to six-arm robots; its six-arm robot "Xuanjia" uses a spatially heterogeneous design, and the company has released an industrial world model, Xuanshu·SageNexus (WASM). Its customers cover four major industries—3C and semiconductors, automotive, energy, and food and pharmaceuticals—with more than 50 Global Fortune 500 or listed-company customers and overseas intended orders exceeding 500 million yuan.
According to The Information, Meta has partnered with Chinese manufacturer Fourier Intelligence to develop a humanoid robot prototype named Max, and development of a second-generation Max 2 has already begun. Max is about 1.5 meters tall and weighs about 48 kilograms, is equipped with the NVIDIA Jetson Thor computing platform, has a head that can simulate human facial expressions, and has five-fingered dexterous hands capable of grasping small objects such as bottles and toys.
Keda Intelligent submitted a filing to the Hong Kong Stock Exchange on October 22, making another push for an "A+H" listing, with proceeds intended to consolidate its technological advantages in digital energy and robotics, expand its global footprint, and supplement working capital. The prospectus states that its cumulative revenue from industrial robotic arms ranked first in China from 2020 to 2025, and its cumulative revenue from SRM stacker cranes in the lithium battery industry ranked first in China's lithium battery industry, but robotics revenue accounts for only about 24%, and overseas revenue in the first half of 2026 was less than 20 million yuan.
Flexible tactile sensor company Saigan Technology has completed a Pre-A++ funding round of tens of millions of yuan, exclusively invested by Guangzhou Industrial Holdings Donggao Fund, with proceeds going toward iontronic flexible technology R&D and next-generation product iteration. The company has secured its first batch of orders, to be deployed in automotive manufacturing; its iontronic flexible tactile sensors have a detection limit of about 1 milligram and a response frequency of up to 1KHz, and are delivered as fingertip modules with factory calibration completed.