About
UBTech Robotics plans to expand its humanoid robot production 10-fold to 5,000 units in 2026 and double to 10,000 units in 2027, driven by China's advanced manufacturing reducing costs by 20-30% annually. The company aims to cut production costs to under $20,000 per unit by 2027-2030. UBTech has secured $112 million in orders and its robots are being tested in various industries. The company's interim loss narrowed by 18.5% with a 27.5% revenue increase. UBTech is listed in Hong Kong with a market value of $7.45 billion.