Another Major Order Secured for Humanoid Robots, Setting a Global Record

Recently published on the China Public Service Platform for Bidding and Tendering, the announcement for the "Robot Equipment Procurement Project Bid Award" revealed that UBTECH Robotics successfully secured a bid valued at RMB 90.5115 million from MiYi (Shanghai) Automotive Technology Co., Ltd. This represents the largest confirmed procurement contract ever awarded to a humanoid robotics company worldwide.

On July 17, UBTECH introduced the Walker S2, the world’s first humanoid robot capable of autonomously replacing its battery. The company plans to deliver 500 units of its industrial humanoid robots within the year, targeting deployment in intelligent manufacturing.

UBTECH’s WalkerS-series robots have previously been integrated into operations at automotive manufacturers including NIO, BYD, and Audi FAW, where they performed functions such as labeling and quality control. In late April, UBTECH formalized a purchase agreement with the client for large-scale bipedal humanoid units, notably the Walker S1 for industrial use and Walker C for commercial reception. Additionally, Tiangong Walker robots designed for research and educational applications have received more than 100 orders, with over 300 units scheduled for delivery this year.

Separately, on July 11, China Mobile’s procurement platform announced that Fourier Intelligence and Unitree Robotics had jointly won a robot OEM service contract from China Mobile (Hangzhou) Information Technology Co., Ltd. The total budget for the project, including tax, reached RMB 124.05 million—marking the highest publicly disclosed order in China’s humanoid robotics sector to date. The contract includes two parts: Fourier Intelligence secured the full-size humanoid robot segment for RMB 78 million, while Unitree Robotics was awarded RMB 46.05 million for small-sized robots, a computing backpack, and a dexterous five-finger hand.

Prior to this, both firms had landed various contracts. Unitree Robotics was awarded the general-purpose humanoid robot training platform project by Tongji University in the first half of the year, valued at RMB 8.26 million, and also secured a RMB 6.27 million contract from the China Science and Technology Museum for a mobile science facility. Fourier Intelligence obtained a RMB 12.74 million contract from Zhuhai’s Embodied Intelligence Application Innovation Center for robot procurement and data collection, in addition to a RMB 3.98 million contract for building a data acquisition platform.

Simultaneously, both companies have moved forward with capitalization strategies. Unitree Robotics initiated IPO counseling and holds registered capital of around RMB 364 million. Founder Wang Xingxing remains the controlling stakeholder with an approximate 34% share. Fourier Intelligence is preparing to acquire a controlling interest in Shangwei New Materials, an A-share listed firm on the STAR Market.

According to a report released by CITIC Securities, domestic humanoid robotics manufacturers continue to make substantial progress in order acquisition, indicating that commercialization efforts are moving toward practical implementation. With Unitree Robotics completing its IPO counseling, key players in the sector are accelerating capitalization plans, which may draw broader market interest and spur increased capital investment across the industry.

As contract volumes grow, the humanoid robotics field is entering an industrialization phase. The first full year of mass production has begun, making large-scale deployment increasingly viable. Wanlian Securities emphasized that reducing costs will be crucial for broader adoption. Currently, high production costs remain a major challenge. In the long term, overcoming these barriers will be essential. Companies possessing proprietary component technologies, scalable production capabilities, and high-quality domestic supply chains may be well-positioned to benefit.
For focused investment opportunities, Donghai Securities recommends monitoring domestic mechanical parts providers that have established partnerships with leading humanoid robotics firms. Listed companies featuring advanced machining assets, longstanding technical expertise, robust R&D capabilities, and early-stage production infrastructure may offer attractive prospects.