HK Stock Market Move | UBTECH ROBOTICS (09880) soared more than 16% in the afternoon and will hold a global launch event today. The final selling price of UBTECH ROBOTICS U1 will soon be revealed.

UBTECH ROBOTICS (09880) rose more than 16% in the afternoon, up 15.84% as of the time of writing, to HK$110.8, with a total trading volume of HK$14.78 billion. On the news front, UBTECH ROBOTICS will hold a global launch event today, officially launching its first full-size super humanoid robot, Siasun Robot & Automation U1, under its consumer brand "UWorld". The final selling price will be announced at the afternoon launch event. UBTECH ROBOTICS revealed that the production scale of the U1 series is expected to reach 10,000 units this year. In addition, UBTECH ROBOTICS has set a production capacity target of 10,000 units for industrial humanoid robots under Siasun Robot & Automation. Huayuan Securities believes that the application of humanoid robots from Siasun Robot & Automation is gradually expanding from industrial scenarios such as warehousing, assembly lines, and replacing hazardous environments to home scenarios such as emotional companionship. Jianghai Securities also pointed out that the pace of landing applications for humanoid robots from Siasun Robot & Automation has accelerated significantly compared to last year.