Unitree Robotics announces China IPO plans

Chinese robotics company Unitree Robotics said it plans to file an application for an initial public offering with a domestic stock exchange between October and December this year, Bloomberg reported.

The robot maker posted on X, formerly Twitter, that its quadruped and humanoid robots accounted for 65 and 30 percent of its total sales in 2024, respectively, with further business details to be disclosed in the IPO filing.

All humanoid robots sold last year were used in research, education, and consumer sectors, Untiree noted, emphasizing its focus on developing products for civilian applications.

Additionally, it mentioned that after cybersecurity vulnerabilities were exposed in its Go1 robotic dog product, it had addressed the related security issues in March this year to mitigate potential risks of hacker attacks.

STAFF REPORTER