# Unitree market value retraces nearly 70%; Wang Xingxing admits at CIIF he did not believe in AI enough

- Source: OFweek Robotics
- Published: 2026-10-14T02:21:00.000Z
- RoboHot: https://robohot.news/en/items/kvix95r8ty8gklsye6yssulv4
- Original: https://robot.ofweek.com/2026-10/ART-898890-12003-30706979.html

## Summary

Less than two months after its listing, Unitree Technology's share price fell from a high of 1,237 yuan to around 420 yuan, wiping out more than 270 billion yuan in market value, with a maximum drawdown of nearly 70%. Founder Wang Xingxing said on October 12 at the Shanghai International Industry Fair that his biggest mistake over the past decade-plus was not believing in AI enough, and gave a forecast that the robotics era could reach an inflection point in as soon as one to two years. Unitree is building a physical AI self-evolution system. The stock closed up 3.64% the day after his remarks.

## Why it matters

The original article traces the sequence behind Unitree's post-listing share price drawdown and the founder's strategic statement, helping readers understand the AI transformation pressure facing the hardware-first approach.