The robotics division of Chery Automobile, China's largest auto exporter, is gearing up for an initial public offering and is in discussions with multiple listing venues, Reuters exclusively reported on Wednesday.
Chery's AiMOGA Robotics unit is also targeting the overseas market for police robots, according to the report. The move comes just days after Unitree Robotics' explosive Shanghai stock debut, where shares soared nearly 600% after the company's IPO was more than 8,000 times oversubscribed by retail investors.
The robotics IPO wave doesn't stop there. Startup Lumos Robotics also told Reuters it was considering a stock market listing. Lumos has raised about 1 billion yuan ($147 million) across seven funding rounds and is targeting 300 deliveries of its MOS factory robots this year.
The flurry of IPO activity reflects a broader trend: Chinese robotics companies are rushing to capitalize on surging investor enthusiasm for humanoid robots, which are seen as a potential new engine of industrial growth. The sector has attracted enormous attention as companies move from impressive demonstrations to real-world deployments in factories, warehouses, and homes.
China's push into humanoid robotics has become a key arena of technological competition with the United States, with the government actively supporting the industry through policy and funding.
