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After Unitree's IPO, humanoid robots gather dust in warehouses: shipments, rental rates, and financing cool down

Unitree Technology shipped over 5,500 pure bipedal humanoid robots in 2025, with humanoid robot revenue of 868 million yuan. After listing on the STAR Market in August 2026, its market value has retraced more than 55% from its peak. Daily rental rates for humanoid robots fell from about 20,000 yuan in early 2025 to the thousand-yuan level in 2026. In the first half of 2026, global shipments exceeded 22,000 units, but only about 4,000 entered factories; entertainment and commercial performances plus science education and data collection together accounted for over 60%.

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