Shares of Unitree, one of China's best-known humanoid and quadruped robot makers, surged nearly six-fold in its Shanghai debut on Wednesday, marking a landmark listing for China's rapidly expanding robotics industry, Reuters reported.
The company, which competes with Hyundai Motor Group-owned Boston Dynamics and Tesla, has gained global attention for robots capable of running, dancing and performing martial arts. Its blockbuster stock-market debut also highlights the growing importance of robotics as China seeks to build strategic technology industries amid intensifying competition with the United States.
