UBTECH Robotics
UBTECH builds full-size humanoid robots: the Walker S series for factories, the Walker C/C1 for public service settings, and the wheeled Cruzr S2. It also sells education robots, logistics robots and consumer devices. It listed on the HKEX Main Board in December 2023. In 2025 its revenue was RMB2,001.0 million, of which RMB820.6 million came from full-size humanoid robots, and it sold 1,079 of these robots. Most went to car plants and other industrial sites, mainly as the Walker S2, which has autonomous battery swapping.
8 humanoid models · 8 deployments on file · researched 2026-11-08
- Headquarters
- Shenzhen, China
- Founded
- 2012
- Ownership
- Public · 9880.HK
- Website
- ubtrobot.com
- Focus
- industrial, logistics, research, education, entertainment, home
- Leadership
- Zhou Jian (James Zhou) Founder, Chairman of the Board and CEO ↗
- Employees
- 2,550 (2025) ↗
- Revenue
- CNY 2,001,000,000 (2025, company total (RMB2,001.0 million). Full-size humanoid robot products and services: RMB820.6 million) ↗
- Last round
- H-share placing (31,468,000 new H shares at HK$98.80) · 2025-12
- Production
- 1,079 shipped by 2025-12 · capacity 6,000 a year · 1,079 = 2025 sales volume of full-size embodied humanoids (up 35,866.7%). Capacity is stated as 'annualized production capacity of over 6,000' at end-2025. The Nov 2025 PR targeted 5,000/yr capacity by 2026 and 10,000 by 2027. In Jan 2026 the company said capacity is expected to exceed 10,000 units in 2026. ↗
1
Humanoids
Each model as the maker has shown it. Specs are maker-stated; a dash means no source states the figure.
| Model | Status | Announced | Height | Weight | DoF | Payload | Runtime | Price |
|---|---|---|---|---|---|---|---|---|
| Walker C1 ↗Full-size service humanoid for reception, guiding, patrol and teaching. Has an SDK. Launched in 2026 per the company milestones; the 'commercial' status is inferred from 'mass production capacity'. | Commercial | 2026 | — | — | — | — | — | not published |
| Walker S2 ↗Third-generation industrial humanoid. Swaps its own hot-swappable battery in 3 minutes for 24-hour operation. Waist rotates ±162°. Handles loads from 0 to 1.8 m. Height 1.76 m per China Daily / chinaservicesinfo (Jan 2026). DoF and payload per the 2025 annual results. | Commercial | 2025-07 | 176 cm | — | 52 | 15 kg | — | not published |
| Walker C ↗Service and tour-guide humanoid; the page says 'steady running pace of 6 km/h'. Walking 2 h, standing 4 h. Guide at the China Pavilion, Expo 2025 Osaka. | Commercial | 2025 | 163 cm | 43 kg | 20 | — | 2 h | not published |
| Cruzr S2 wheeled ↗Wheeled humanoid with a waist-fold design. Turns ±170° in 0.8 m aisles. Has gen-4 dexterous hands. Speed is stated as 2 m/s (converted to 7.2 km/h). | Commercial | 2025 | — | — | — | 15 kg | — | not published |
| Walker X ↗Earlier service humanoid with 7-DoF arms and 6-DoF force-controlled hands. Commercialised in 2022 per the company milestones. | Commercial | 2021 | 130 cm | 63 kg | 41 | — | 2 h | not published |
| Walker Tienkung ↗Full-size open platform for academic research and education. All joint and sensor interfaces are open; ships with URDF models and an RL toolchain. | Commercial | — | — | — | — | — | — | not published |
| Walker S1 ↗Industrial humanoid with LLM task planning and semantic VSLAM. Used on vehicle assembly lines alongside AMRs/AGVs. | Pilot | 2024 | — | — | — | — | — | not published |
| Walker S ↗First industrial Walker: height 1.7 m, 41 force-feedback servo joints. Also sold as a lighter Walker S Lite. | Pilot | 2023 | 170 cm | — | 41 | — | — | not published |
2
Deployments
Named customers, what the robots do there, and how far it has gone.
| Customer | What | When | Stage |
|---|---|---|---|
| Airbus ↗ | Bought Walker S2 robots in a joint effort to explore humanoid robots in aviation manufacturing | 2026-01 | Pilot |
| Hitachi (China) / Hitachi Elevator ↗ | Strategic cooperation agreement; Walker S2 doing on-site operational testing on the Hitachi Elevator manufacturing floor | 2026 | Trial |
| Terra Robotics (for ROSSMANN logistics centres) ↗ | Exclusive distributor for Germany, Switzerland and Austria. Bought an initial batch of 'several dozen' full-size humanoids; Walker S2 is handling and sorting material in ROSSMANN logistics centres as a long-term large-scale pilot | 2026 | Pilot |
| Unnamed leading domestic enterprise ↗ | RMB 250 million contract built around the Walker S2, with deliveries to begin in 2025 | 2025-09 | Order |
| Data collection centre, Zigong ↗ | Walker S2 deployment worth RMB 159 million, the year's second-largest order | 2025-11 | Order |
| Border ports, Guangxi ↗ | Humanoid robot project worth RMB 264 million | 2025-11 | Order |
| Humanoid robot data collection and training centre, Jiujiang ↗ | Project worth RMB 143 million | 2025-11 | Order |
| China Pavilion, Expo 2025 Osaka ↗ | Walker C as the pavilion's embodied-AI tour guide in the South Plaza | 2025 | In service |
3
Dated facts
Milestones, orders, factories and filings, newest first.
- 2026-06As of June 2026, held 3,112 granted patents (1,857 invention, 530 overseas) and had led the drafting of 53 industry standards, including 6 national humanoid-robot standards. ↗
- 2026-032025 revenue up 53.3% to RMB2,001.0 million. Revenue from full-size humanoid products and services rose about 2,203.7% from RMB35.6 million to RMB820.6 million and became the largest source of revenue. Loss fell to RMB789.8 million from RMB1,159.9 million. Gross margin 37.7%. ↗
- 2026-03Annual results: 'annualized production capacity of over 6,000 full-size embodied intelligent humanoid robots' at end-2025. 2025 sales of 1,079 full-size units; non-embodied humanoid sales of 12,759 units. ↗
- 2026-01UBTECH said total humanoid robot orders hit RMB 1.4 billion (about $200 million) in 2025. It also formed a partnership with Texas Instruments in 2025. ↗
- 2026-01An Omdia report put 2025 humanoid shipments at AgiBot 'over 5,100', Unitree 4,200 and UBTECH 1,000 units. ↗
- 2025-12H-share placings in 2025: Feb (10,155,099 shares at HK$90.00, RMB807,900,000), Jul (30,155,450 at HK$82.00, RMB2,194,565,000) and Dec (31,468,000 at HK$98.80, RMB2,777,369,000). Net IPO proceeds of about HK$931.21 million were fully used by end-2025. ↗
- 2025-12Zhou Jian, the major shareholder, held 23.5% at 31 Dec 2025. The company has no ultimate controlling shareholder. ↗
- 2025-12Chosen as an inaugural constituent of the HKEX Tech 100 Index, after joining the MSCI China Index in November. A commercial Walker S2 order worth more than RMB 50 million was disclosed on 10 December. ↗
- 2025-11Began mass production and delivery of the first batch of 'several hundred' Walker S2 units, aiming for 500 deliveries in the year. Walker-series orders since early 2025 exceeded RMB 800 million (approx. US$112 million). ↗
- 2025-11The company says it works with BYD, Dongfeng Liuzhou Motor, Geely Auto, FAW-Volkswagen Qingdao, Audi FAW, BAIC New Energy, Foxconn and SF Express. ↗
- 2023-12Listed on the HKEX Main Board on 29 December 2023 (stock code 9880.HK). ↗
4
Not yet confirmed
Claims seen in only one non-official place. Shown so they can be checked, not as findings.
- Pre-IPO Series C led by Tencent and ICBC at a $5 billion valuation (Wikipedia /wiki/Ubtech only; underlying source not fetched)
- Walker S2 weight is given as anything from 43 to 77 kg on third-party spec sites (humanoid.guide, robotsinlife, heymanoid). Unofficial price claims range from $65,000 to $243,275. No official figure found.
- Reuters (seen only in search snippets) called the Airbus work an 'early concept-testing stage'
- 1,000th Walker S2 off the Liuzhou factory line in early January 2026 (search snippets only)
- US$37 million contract for Walker S2 at the Fangchenggang border crossing, April 2026 (search snippets; may be the same as the RMB 264 million Guangxi border-port project)
- Financial Times, via fliegerfaust.com: UBTECH said its robots are 30–50% as productive as humans (not fetched)
S
Sources
Retrieved 2026-11-08.
- Annual Results Announcement for the Year Ended December 31, 2025 — UBTECH Robotics Corp Ltd / HKEX
- Company Profile — UBTECH
- Walker S2 — UBTECH
- Walker S1 — UBTECH
- Walker S — UBTECH
- Walker C — UBTECH
- Walker C1 — UBTECH
- Walker X — UBTECH
- Cruzr S2 — UBTECH
- Walker Tienkung — UBTECH
- Official Announcement: UBTECH Officially Included in HKEX Tech 100 Index — UBTECH
- UBTECH partners with collaborators to accelerate global expansion, Bringing humanoid robots to European retail logistics environments — UBTECH
- UBTECH and Hitachi Enter into Strategic Partnership — UBTECH
- UBTECH Humanoid Robot Walker S2 Begins Mass Production and Delivery, with Orders Exceeding 800 Million Yuan — PR Newswire via Kyodo News PR Wire
- UBTECH secures 250-million-yuan humanoid robot order — Gasgoo
- UBTECH 2025 "Report Card": Revenue from Full-Size Humanoid Robots Grows Over 22-Fold — Gasgoo
- China's UBTECH expands overseas reach with Airbus robot deal — China Daily / chinaservicesinfo.com
- Ubtech — Wikipedia