PublicSTAR MARKET: 688836Founded 2016🇨🇳Hangzhou, ChinaCEO Wang Xingxing
Unitree Robotics is a Hangzhou-based civilian robotics company building quadrupeds, humanoids, dexterous hands, robot arms, and core robot components.
Latest update Oct 19, 2026
01
After leading publicly sold quadrupeds, it expanded into humanoids with H1, G1, G1+, R1, and H2 at prices far below most Western peers, becoming the world's top humanoid seller by volume in 2025 (5,500+ units at about 32% global share) and reporting roughly 18,000 cumulative humanoids produced by August 2026. Its STAR Market prospectus reports 1.71 billion yuan of 2025 revenue, adjusted net profit around 590-600 million yuan at a 60% gross margin, and more than 30,000 quadrupeds shipped from 2022 to September 2025. It began trading on the STAR Market on August 19, 2026 under ticker 688836 after pricing at 150.80 yuan and raising about 6.1 billion yuan; shares opened 629% higher at 1,100 yuan before closing the debut at 845 yuan. Nvidia adopted Unitree's H2 body for its Isaac GR00T reference humanoid, while a June 2026 Pentagon Section 1260H listing and a July 28, 2026 FCC Covered List addition created US headwinds. H1 2026 revenue was RMB 1.152B (+48.54% YoY) with adjusted net profit down 19.34% YoY to RMB 244M. The stock closed Oct. 8, 2026 at 427.80 yuan, a market cap of about 173 billion yuan, further below the debut close. Checked Oct. 18, 2026: the H2 Plus shop page still says to contact sales_global@unitree.cc and shows no public checkout or ship date. NVIDIA's May 31, 2026 newsroom post still says the Isaac GR00T robot will be available from Unitree in late 2026, and no more specific date was found. Ai2, ETH Zurich, Stanford Robotics Center, and UC San Diego have not published receipt confirmations. The October 2026 ship target stays open through month-end. G1+ remains listed at US $15,000 excluding tax and shipping.
shop.unitree.comUpdated Oct 18, 2026
Analysis · 5 min read · Jul 15, 2026The long view on Unitree Robotics: strategy, technology and what to watch02
2026-2030
Near-term target is 20,000 humanoid robots shipped in 2026 (vs 5,500 in 2025) - a nearly 4x increase (some September coverage around Unitree's IFA Berlin showcase instead frames it as a 10,000-20,000 range, but the company's own guidance remains 20,000). Medium-term goal over five years is 75,000 humanoids and 115,000 quadrupeds annually (190,000 total). IPO proceeds are earmarked for a smart manufacturing base to replace the current manual/outsourced assembly model and achieve modular, flexible mass production at scale. H1 2026 shipments of roughly 5,900 units imply Unitree needs a sharp second-half acceleration to reach the 20,000-unit full-year target; no updated shipment tally has been published since mid-August.
2026-2028
Continue expanding from finished robots into embodied models, dexterous hands, robotic arms, sensors, and now the GD01 manned mecha unveiled in May 2026. In late July 2026 Unitree shipped UnifoLM-OmniA-0.3, a unified speech/vision/navigation/manipulation AI model aimed at home-care and wellness tasks. On September 7, 2026 it posted UnifoLM-X2-1.0, claiming the first fully autonomous humanoid combat driven in real time by a world model without teleoperation. The Pentagon's June 8, 2026 Section 1260H listing restricts direct DoD contracting with Unitree from June 30, 2026 and indirect procurement from June 2027. On July 28, 2026 the FCC went further and added foreign humanoid and quadruped robots to its Covered List directly, ahead of the bipartisan GUARD Act (H.R. 9129, introduced June 3, 2026) that had proposed the same step through legislation - new Unitree equipment authorizations in the US now require a Department of War Conditional Approval, while domestic China and non-U.S. markets remain unaffected. A separate bill, the Blocking CCP Spy Tech Act of 2026 (S.4586, introduced by Sens. Rick Scott and Tom Cotton around May 20-21, 2026), also names Unitree among six Chinese tech firms for a national-security investigation that could feed further Covered List additions. As of early September 2026 Unitree had still issued no public legal challenge to any of these measures (re-verified; unlike Alibaba, which sued the Pentagon over its own 1260H listing), even as Beijing imposed broad retaliatory trade measures over the U.S. designations. Adding to the scrutiny, researcher Olivier Laflamme's August 2026 disclosure of two wormable root-RCE flaws in the G1 EDU (CVE-2026-76639, CVE-2026-76640, both since patched) gives critics of Chinese-made robots a concrete security incident to point to alongside the geopolitical designations.
2026-2027
G1+ launched September 14, 2026 as a new hardware SKU, listed at 95,000 yuan tax-in in China and US $15,000 excluding tax and shipping. Previously authorized G1 units remain sellable from US inventory, but a new model generally needs a Department of War Conditional Approval before FCC equipment authorization. EDU pricing is still unannounced. Watch China and Europe shipments and whether Unitree files for US authorization.
Oct 2026
Deliver the Nvidia/Sharpa-co-developed H2+ Isaac GR00T reference humanoid starting October 2026 to anchor research customers including Allen AI, ETH Zürich, Stanford's Robotics Center and UC San Diego, then scale the platform into commercial customers. Re-verified September 20, 2026: the October ship target still stands, Unitree's shop lists H2 Plus as contact-sales only, and no general shipping confirmation has been published. French distributor Generation Robots lists H2 Plus from €66,000 VAT-inclusive.
Late 2026
TBD
TargetTBD - pending Department of War Conditional Approval
Unitree opened commercial humanoid sales in Europe on July 22, 2026, becoming the first Chinese humanoid maker to sell commercially in Western markets, then extended commercial deployment into Asian logistics and manufacturing sites on August 5, 2026 as planned. The North American leg remains blocked: the FCC's July 28, 2026 addition of foreign advanced robotic devices to its Covered List requires a Department of War Conditional Approval before any new-model equipment authorization can be granted, and as of September 20, 2026 no Conditional Approval for a new Unitree model had been reported, so the originally planned August 12 North American launch remains delayed with no revised date announced. Previously authorized Unitree models and existing US inventory remain legal to sell. On July 31, 2026, board secretary Fu Fenghua clarified in an online investor session tied to the Shanghai listing that Unitree's current lineup - the G1, H2, and R1 humanoids and the Go2, B2, and A2 quadrupeds - all secured FCC equipment authorization before the Covered List policy took effect and so remain legally sellable in the US from existing inventory; the gating effect falls only on new, not-yet-authorized models. The European leg advanced at IFA Berlin (September 4-8, 2026), where Unitree headlined a 'Robots on the Runway' demo; Europe still has no equivalent of either the Pentagon or FCC restriction.
03
Unitree Robotics launched G1+, an upgraded G1 humanoid, on September 14 with six changes spanning neck motion, motors and thermal control, vision and touch, external power, and far-field voice. The standard model is listed at 95,000 yuan tax-in in China and $15,000 excluding tax and shipping on Unitree's English page; G1+ EDU pricing is still unannounced. Specs include 25 degrees of freedom on the base model, about 35 kg with battery, roughly two hours of runtime, and optional continuous external power for longer demos.
Unitree Robotics posted a video on September 7, 2026 claiming the first fully autonomous humanoid combat driven in real time by a world model, UnifoLM-X2-1.0. The company said the model breaks bottlenecks in instantaneous planning, decision-making and dynamic interaction, letting a humanoid predict and plan future motion without teleoperation. Phoenix Tech and other Chinese outlets carried the official post as a software milestone on the UnifoLM stack, distinct from Unitree's post-IPO share slide.
Unitree Robotics shares tumbled as much as 4.3% to 546.51 yuan on September 2, 2026, leaving the stock more than 50% below the 1,100 yuan intraday high it hit on its August 19 Shanghai STAR Market debut, when shares initially surged 460% after a 6.1 billion yuan ($904 million) IPO. The reversal follows first-quarter 2026 adjusted net profit that fell 53% year over year and renewed scrutiny of how much of Unitree's humanoid-robot revenue still comes from research and education customers rather than industrial deployment, fueling debate over a Chinese robotics valuation bubble.
Unitree Robotics shares have fallen about 45% from their August 19 Shanghai trading-debut peak as of August 25, erasing roughly 200 billion yuan (about 30 billion dollars) of market value before stabilizing after three straight down days. The slide follows a reported 53% year-over-year drop in Q1 2026 adjusted net profit to 40 million yuan and has fueled concerns about a bubble in Chinese humanoid-robotics valuations.
Speaking at the World Robot Conference in Beijing on August 19, Unitree founder Wang Xingxing said humanoid robots are approaching a 'ChatGPT moment' but a true breakthrough, defined as a robot completing about 80% of voice-commanded tasks in an unfamiliar home, is likely two to three years away in an optimistic case or five to ten years in a conservative one. Global humanoid robot shipments reached about 19,000 units in the first half of 2026, up 272% year over year, with Chinese makers accounting for 97% of sales.
Unitree Robotics began trading on Shanghai's STAR Market on August 19, becoming the first humanoid robot maker listed on a mainland China exchange. Shares opened 629% above the 150.80 yuan IPO price before paring gains to trade roughly 500-540% higher during the session, an opening market cap of about 62-66 billion dollars. The offering raised roughly 904 million dollars and was oversubscribed more than 8,000 times, with backing from strategic investors including DeepSeek.
Unitree Robotics began trading on Shanghai's STAR Market on August 19 under ticker 688836, the first listed Chinese humanoid-robot maker, with shares opening 629% above the 150.80 yuan IPO price before paring gains to trade roughly 500-540% higher during the session. The debut followed an IPO more than 8,000 times oversubscribed on the retail tranche, a record for the tech-focused STAR Market, and values the company at an opening market cap of about 445 billion yuan (roughly $62-66 billion).
Unitree Robotics unveiled a new humanoid prototype nicknamed Superman on August 17 in Hangzhou, built in just over three months, which the company says reached a top speed of 12.66 meters per second and a 2-meter standing jump, edging past Usain Bolt's peak sprint speed of about 12.42 meters per second by Unitree's own unverified measurement. The reveal lands days ahead of Unitree's planned trading debut on Shanghai's STAR Market, following an IPO priced at 150.80 yuan per share that raised roughly $904 million.
Unitree Robotics' Shanghai STAR Market offering drew extraordinary retail demand after subscriptions opened August 10, with the online tranche oversubscribed roughly 8,289 times and a final retail allotment rate of about 0.018%. The overwhelming demand triggered a clawback mechanism that shifted 3.2 million shares from the offline to the online tranche, following the company's August 5-6 pricing at 150.80 yuan per share that implied a roughly $904 million raise; trading is expected to begin around August 17-21, which would make Unitree the first listed Chinese humanoid-robot maker.
DeepSeek's parent entity joined Unitree Robotics' Shanghai STAR Market IPO as a strategic placement investor on August 6, buying 933,400 shares (about 141 million yuan, roughly $20.8 million) under a three-year lock-up, alongside Tencent and several state-backed institutions. Beyond the investment, the two companies agreed to co-develop AI models and embodied-intelligence technology and to give each other priority access to robot procurement and AI model services, marking DeepSeek's first disclosed move into humanoid robotics.
Unitree Robotics priced its Shanghai STAR Market offering at 150.80 yuan per share on August 5-6, above earlier estimates and implying proceeds of roughly 6.1 billion yuan (about $904 million), well above the roughly $623 million initially targeted. An online roadshow runs August 7 ahead of subscriptions opening August 10, putting the humanoid-robot maker on track to become the first listed Chinese humanoid-robot stock within weeks.
Unitree Robotics formally launched the issuance process for its Shanghai STAR Market IPO on July 31, 2026, the final concrete step before what would be China's first listed humanoid-robot maker. Institutional pricing inquiries run August 5, the offer price is set August 6, and online/offline subscriptions open August 10 with payment due August 12, with CITIC Securities as sponsor and lead underwriter, as Unitree targets about 4.2 billion yuan ($623 million) at an implied valuation near 42 billion yuan ($6 billion).
The FCC added foreign-produced advanced robotic devices, including mobile humanoids and quadrupeds over 4.4 pounds, to its Covered List on July 28, citing national-security and supply-chain risk. New models generally cannot get the FCC equipment authorization needed to import or sell in the US unless the Department of War grants a Conditional Approval, a direct hurdle for Unitree Robotics, which opened commercial sales in Europe on July 22 and had targeted a North American launch for August 12.
Chinese robotics maker Unitree began commercial sales of its humanoid robot in Europe on July 22, becoming the first Chinese humanoid developer to enter Western commercial markets, with rollouts to Asian markets set for August 5 and North America for August 12. The staggered, three-region push over roughly three weeks is among the first coordinated global commercial launches by a humanoid company. The expansion comes weeks after the U.S. Department of Defense added Unitree to its Section 1260H list of Chinese military-linked companies in June, and amid concern among U.S. lawmakers that units shipped abroad remain subject to China's National Intelligence Law.
China's securities regulator approved Unitree Robotics' initial public offering on the Shanghai STAR Market on July 3, clearing the way for the Hangzhou company to raise about 4.2 billion yuan (roughly $618 million) and become the A-share market's first pure-play humanoid-robot stock. The registration cleared in a record 104 days after Unitree filed in March, and a market debut could come as early as late July at an initial valuation near 42 billion yuan. Humanoid robots made up 51.5% of Unitree's revenue in the first nine months of 2025, and the company shipped more than 5,500 humanoid units that year - far more than any Western rival.
04
Compact humanoid platform designed for embodied-AI development, education, and research. Unitree positions G1 as a low-cost humanoid avatar with optional dexterous hands, 3D LiDAR, depth cameras, and 23 to 43 total joints depending on configuration.
Upgraded G1 compact humanoid with two extra neck degrees of freedom, higher shoulder, waist and arm motor torque with lower heat, binocular plus wide-angle vision, head touch sensors, optional continuous external power, and a six-microphone far-field array. Aimed at research, education, and longer demo runtimes while keeping G1's price positioning.
Unitree's first universal full-size humanoid robot and the platform that put the company on the global humanoid map. It remains a high-mobility research platform with 3D LiDAR, depth sensing, and record-setting running performance.
Second-generation full-size humanoid platform aimed at broader embodied-AI and service use cases. H2 adds a bionic head, higher onboard compute, longer battery life, and a more capable upper body than H1. The H2+ variant - unveiled with Nvidia and Sharpa at COMPUTEX Taipei on June 1, 2026 - pairs the H2 body with Nvidia Blackwell-class compute, the Isaac GR00T stack, and Sharpa's 25-DoF dexterous hands as Nvidia's reference humanoid platform.
Low-cost lightweight humanoid designed to push embodied-AI development toward broader developer and consumer experimentation. R1 integrates voice and image multimodal interaction with a smaller, cheaper body than G1 or H2.
Unitree's mainstream consumer and developer quadruped platform. Go2 pairs low pricing with 4D LiDAR, OTA updates, app control, and enough mobility to make quadrupeds accessible outside elite labs and enterprise buyers.
Industrial quadruped built for power inspection, emergency response, and harsh-environment field work. B2 pushes far beyond consumer quadrupeds on load, endurance, and climbing ability.
Unitree's most advanced industrial quadruped, launched August 2025 as a rugged all-terrain platform for inspection, logistics, and field operations. The A2 ("Stellar Hunter") pairs dual front-and-rear 3D LiDAR for 360-degree awareness with hot-swappable batteries and a heavy standing-load capacity that pushes well beyond the B2.
Compact industrial quadruped launched February 24, 2026, positioned between the consumer Go2 and the heavier B2/A2 platforms. Unitree markets roughly 2x Go2 dynamic performance in a ~20 kg package, with IP54 weather sealing, an open developer stack on the X and EDU trims, and a standing payload up to 65 kg on the top configuration.
Optionally-manned 'mecha' that switches between bipedal and quadrupedal locomotion, built from high-strength alloy for heavy-duty civilian transport, with the pilot riding in a chest-mounted cockpit. Unitree markets it as the world's first production-ready manned mecha.
05
($250M) in FY2025; RMB 422.8M in Q1 2026 (+68% YoY, adj. net profit down 52% to RMB 40.3M). Actual H1 2026 results (reported mid-August 2026) came in above prospectus guidance: RMB 1.152B revenue (+48.54% YoY) and RMB 274M net profit attributable to parent, though non-recurring-adjusted net profit fell 19.34% YoY to RMB 244M as R&D and selling spend rose sharply - confirming the margin pressure flagged in Q1 continued through H1 even as top-line growth outperformed. Roughly 40% of revenue now comes from markets outside China, with sales split roughly 74% research/education/developer, 17% commercial venues, and 9% industrial
(~$88M) adjusted; 287.6M yuan statutory net profit; gross margin ~60.1-60.3%
5,500+ delivered per Unitree's own STAR Market prospectus (32.4% claimed global market share by volume); independent analyst Omdia instead ranks rival AgiBot #1 for 2025 at 5,100+ units (~39% share) with Unitree second at roughly 4,200 units (~32%), a lower count Wang Xingxing has publicly disputed
(+~68% YoY; see 'H1 2026 Results (Actual)' below for the full first-half figures)
(-~52% YoY); no restated figure has surfaced since, still the latest as of Sept 20, 2026
(up from 5,500 in 2025); some September coverage around IFA Berlin instead frames the target as a 10,000-20,000 range, but Unitree's own guidance remains 20,000
above the RMB 1.052B-1.128B prospectus guidance range; net profit attributable to parent RMB 274M (vs a RMB 32.02M loss in H1 2025); non-recurring-adjusted net profit RMB 244M, -19.34% YoY (within the guided -6.4% to -22.0% range) as R&D spend rose 152% YoY to RMB 136M and selling expenses hit RMB 164M, already above all of FY2025's RMB 141M. Still the latest reported half as of Sep 10, 2026.
(+170% YoY), ~31% global share - #2 behind AgiBot's ~8,400 units (44% share, +562% YoY); global humanoid shipments overall surged 272% YoY to 19,100 units, with Chinese vendors holding ~97% of shipments. Still the latest independently tracked shipment breakdown as of Sept 20, 2026; no full-year or Q3 tracker update has been published yet
(+629% vs the 150.80 yuan IPO price, an opening market cap of ~445B yuan / ~$62-66B), pared gains to trade roughly 500-540% higher (~900-970 yuan) intraday, then closed the session at 845 yuan/share (+460% vs IPO price), a closing market cap of ~342B yuan (~$50B) - still far above the average 279% first-day pop for 2026 China listings
~18,000 bionic bipedal humanoids produced to date (announced Aug 12, 2026, still the latest disclosed figure as of Sept 20, 2026), up sharply from 5,500 sold in all of 2025 as 2026 output accelerates
(up 2.33% that session), about 39% below the 845-yuan debut close and 53% below the Aug 19 1,100-yuan intraday peak - still more than 3x the 150.80 yuan IPO price, and little changed from the 513.93 yuan Sept 9 close
06
Operating status
Operational - Public since Aug 19, 2026 (STAR Market: 688836), Pentagon-listed, FCC-restricted in the US
Public on the Shanghai STAR Market (688836) since Aug. 19, 2026. The stock closed Oct. 8 at 427.80 yuan, with a market cap of about CNY 173.03B. Checked Oct. 18, 2026: the H2 Plus shop page still says to contact sales_global@unitree.cc and shows no public in-stock checkout or ship date. NVIDIA's May 31, 2026 newsroom post still says the Isaac GR00T reference humanoid will be available from Unitree in late 2026, with no date more specific than that. Ai2, ETH Zurich, Stanford Robotics Center, and UC San Diego have not published receipt confirmations. The October 2026 ship target stays open through month-end.
Humanoid robot sales (G1, H1, H2, R1, GD01)
Humanoid platforms sold into research, education, developer, and early commercial use cases. In 2025, humanoids became 51.5% of Unitree's core revenue, with more than 70% of units sold into research and education. Since around April 2026, R1 has also sold globally via AliExpress into the US, Europe, Japan, and Singapore, broadening the direct-to-consumer channel outside China. G1+ joined the lineup on September 14, 2026 as a six-upgrade G1 successor.
Quadruped robot sales (Go2, B2, A2 and variants)
Consumer and industrial quadrupeds remain a core business line for research, inspection, emergency response, and field operations. Unitree shipped more than 30,000 quadrupeds between 2022 and September 2025. The compact industrial As2, launched February 24, 2026, now sits between the consumer Go2 and the heavier B2/A2 platforms.
Robot components and developer hardware
Unitree also sells dexterous hands, robotic arms, LiDAR, joint modules, and other robot components, expanding beyond finished robots into a broader embodied-AI hardware stack.
Character/IP robot licensing (Yuxing Entertainment JV)
In November 2025 Unitree's wholly owned subsidiary Beijing Lingyi Technology formed a 50/50 joint venture, Yuxing Entertainment Technology, with Hong Kong-listed IP management firm Star Plus Legend Holdings (Star CM) to design, produce, and sell character-themed IP robots, including pet quadruped and performing humanoid variants. Unitree supplies robot hardware and technical R&D while Star CM handles IP licensing, celebrity partnerships, and content. The JV's first product, a Jay Chou-branded quadruped nicknamed the 'Superstar Dog,' debuted at the Shanghai Tourism Festival parade on September 13, 2025, then drew its first two commercial orders in early November 2025: distributor ADATA Technology for 1,000 units worth more than RMB 20 million, and Hong Kong-listed Cloud Factory for 5,000 units worth roughly RMB 100 million (about $15 million), a combined ~RMB 120 million. Still small next to Unitree's ~1.71 billion yuan of 2025 revenue, but no longer a purely nominal extension of the core hardware business.
07
How past announced dates turned out.
1/1announced date hit on time
Complete subscription and list on the Shanghai STAR Market
Target August 2026 · Resolved Aug 19, 2026
Unitree began trading on Shanghai's STAR Market on August 19, 2026 under ticker 688836, becoming the first Chinese humanoid-robot maker to list on a mainland exchange. The August 10 subscription window drew roughly 8,289x retail oversubscription, and shares opened 629% above the 150.80 yuan IPO price at 1,100 yuan (an opening market cap of about 445 billion yuan, ~$62-66 billion), before paring gains to trade roughly 500-540% higher (around 900-970 yuan) during the session - the largest first-day gain of any STAR Market listing so far in 2026.
08
2026
STAR Market shares close Oct. 8 at 427.80 yuan
Unitree shares closed Oct. 8, 2026 at 427.80 yuan on the STAR Market, down 22.60 yuan (-5.02%) from the prior 450.40 close, with a market cap of about CNY 173.03B. That is about 49% below the 845-yuan debut close and 61% below the 1,100-yuan first-day high, while remaining about 2.8x the 150.80 yuan IPO price.
Headlines IFA Berlin with a robot-runway demo
Unitree exhibited at IFA Berlin 2026 (September 4-8, Hall 25) and headlined IFA's first 'Robots on the Runway' demonstration on September 5, putting G1 on a T-stage alongside other Chinese humanoid makers. Europe still has no equivalent of the Pentagon Section 1260H listing or the FCC Covered List, so commercial EU sales remain open while new-model US authorizations stay blocked.
Launches As2 compact industrial quadruped
On February 24, 2026 Unitree launched the As2, a roughly 20 kg industrial quadruped positioned between the consumer Go2 and the heavier B2/A2 platforms. The company lists a peak joint torque around 95 N.m, standing payload up to 65 kg on the top trim, unloaded runtime above 4 hours, IP54 weather sealing, and a top speed around 5 m/s. Air, Pro, X, and EDU configurations are sold as quote-based industrial platforms.
Launches G1+ humanoid with six hardware upgrades
On September 14, 2026 Unitree officially launched G1+, an upgraded G1 with six changes spanning neck degrees of freedom, joint motors and thermal management, binocular plus wide-angle vision and head touch sensors, external power for longer runtimes, and a six-microphone far-field voice array. The standard model is 95,000 yuan tax-in in China and listed at US $15,000 excluding tax and shipping on Unitree's English page; G1+ EDU pricing is unannounced. The base robot has 25 degrees of freedom, weighs about 35 kg with battery, and is rated for roughly two hours on a 9,000 mAh pack.
Shares close September 9 at 513.93 yuan, 53% below debut peak
Unitree closed September 9, 2026 at 513.93 yuan (~$72.10), down 1.86% on the day and about 39% below the 845-yuan first-day close. That is 53% below the 1,100-yuan intraday high hit on the August 19 debut, erasing roughly $20 billion of market value from the debut close and about $35 billion from the peak. Shares remain more than 3x the 150.80 yuan IPO price. Coverage tied the slide to the same post-IPO concerns: Q1 2026 adjusted net profit down 52% year over year, H1 margin pressure, a research/education-heavy humanoid mix, and reports that CSRC has informally raised the bar for later humanoid IPO candidates.
UnifoLM-X2-1.0 drives fully autonomous humanoid combat demo
On September 7, 2026 Unitree posted a video claiming the first fully autonomous humanoid combat driven in real time by a world model, UnifoLM-X2-1.0. The company said the model breaks bottlenecks in instantaneous planning, decision-making and dynamic interaction so a humanoid can predict and plan future motion without teleoperation, a software step on the UnifoLM stack after UnifoLM-WMA-0 and UnifoLM-OmniA-0.3.
Security researchers disclose wormable root-RCE flaws in G1 EDU (patched)
Independent researcher Olivier Laflamme discloses two chained vulnerabilities in the Unitree G1 EDU: CVE-2026-76639, a path-traversal bug in the knowledge-base upload workflow that reaches root via the bashrunner whitelist mechanism (CVSS 8.8), and CVE-2026-76640, a Bluetooth Low Energy buffer overflow during Wi-Fi provisioning that grants root to anyone within BLE range without prior pairing (CVSS 7.5). Because a compromised G1 can fire the same BLE exploit at other G1 units in range, the chain is wormable. Unitree patched the cloud-side flaw within about two months of the report and paid a combined $5,000 bug bounty; coverage in late August and early September 2026 framed the disclosure as fresh ammunition in the broader US security debate over Chinese-made robots that had already produced the Pentagon and FCC restrictions.
G1 humanoids move into real-world pilots: Haneda Airport, law enforcement
Beyond its still research/education-heavy customer base, Unitree's G1 starts appearing in operational, non-lab deployments. Japan Airlines and GMO Internet Group began a Haneda Airport trial in May 2026, running through 2028, using G1 units for baggage handling, ground-equipment operation, and cabin cleaning to help address ground-staff labor shortages. In the US, the Forsyth County, North Carolina sheriff's office introduced a G1 in July 2026 as a hostage-negotiation and standoff-response tool, an early publicized law-enforcement use of a Unitree humanoid.
2026
Shares extend slide to more than 50% below debut peak
On September 2, 2026 Unitree shares fell as much as 4.3% to 546.51 yuan, extending the post-IPO retreat to more than 50% below the 1,100 yuan intraday high hit on the August 19 trading debut - one of the steepest newcomer declines on Shanghai's STAR Market. Coverage tied the extended slide to the same concerns flagged after the initial 45% pullback: Q1 2026 adjusted net profit down 52.55% year over year, operating cash flow down 85.65%, and a humanoid-robot revenue mix still dominated by research and education customers (73.6% of 2025 humanoid revenue) rather than industrial deployment (9.01%), feeding debate over whether China's humanoid-robotics valuations have outrun near-term commercial reality.
H1 results beat guidance; stock slumps 45% from debut peak
Unitree's actual H1 2026 results, reported mid-August 2026, show revenue of RMB 1.152 billion (+48.54% YoY, above the prospectus's guided range) and net profit attributable to parent of RMB 274 million (versus a RMB 32.02 million loss in H1 2025), though non-recurring-adjusted net profit fell 19.34% YoY to RMB 244 million as R&D spend rose 152% to RMB 136 million. Around the same time, at the World Robot Conference, founder Wang Xingxing said humanoids are not yet efficient or generalizable enough for broad factory deployment and predicted the industry's 'ChatGPT moment' is 2-10 years away. The stock, which had opened 629% above its IPO price on August 19, retreated roughly 45% from that intraday peak to close at 603.08 yuan on August 24 (still about 4x the 150.80 yuan IPO price), wiping out more than 200 billion yuan of market value amid bubble-risk debate over China's humanoid-robot valuations.
Begins trading on Shanghai STAR Market, shares surge 629%
Unitree begins trading on Shanghai's STAR Market on August 19, 2026 under ticker 688836, becoming the first Chinese humanoid-robot maker to list on a mainland exchange. Shares open 629% above the 150.80 yuan IPO price at 1,100 yuan, an opening market capitalization of about 445 billion yuan (~$62-66 billion) on par with Apple supplier Luxshare Precision, before paring gains to trade roughly 500-540% higher (around 900-970 yuan) during the session - the largest first-day gain of any STAR Market listing so far in 2026.
Unveils record-setting Superman humanoid days before trading debut
On August 17, 2026 Unitree unveiled a new humanoid prototype nicknamed Superman, built in just over three months, which the company says reached a top speed of 12.66 m/s and a 2-meter standing jump from 0.85-meter-long legs, by its own unverified measurement edging past Usain Bolt's peak sprint speed of about 12.42 m/s. Unitree also showed the As2W, a wheeled-leg quadruped carrying up to 16 kg at up to 6 m/s, days ahead of its planned STAR Market trading debut.
DeepSeek takes strategic IPO stake, signs AI/robotics pact
DeepSeek's parent, Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co, joins Unitree's STAR Market IPO as a strategic placement investor, allocated 933,400 shares (about 141 million yuan, ~$20.8M, under a three-year lock-up) alongside Tencent, China National Petroleum, China Southern Power Grid, China Telecom, CITIC Securities, and the National Council for Social Security Fund. Beyond the investment, the two companies agree to co-develop AI models and embodied-intelligence technology and give each other priority access to robot procurement and AI model services.
AgiBot overtakes Unitree as top global humanoid vendor in H1 2026
Independent tracking (widely reported around August 10-11, 2026) shows global humanoid robot shipments surged 272% YoY to 19,100 units in H1 2026, with rival AgiBot taking the #1 spot at roughly 8,400 units (44% share, +562% YoY) and Unitree falling to #2 at roughly 5,900 units (31% share, +170% YoY). The two Chinese vendors together held about 75% of global shipments, with Chinese makers overall accounting for roughly 97% - extending into 2026 the AgiBot-vs-Unitree sales-ranking dispute that first emerged over 2025 figures.
STAR Market IPO priced at 150.80 yuan/share, ~$904M raise
Unitree's STAR Market offering is priced at 150.80 yuan per share on August 5-6, 2026, above earlier estimates and implying proceeds of roughly 6.1 billion yuan (~$904M) - more than the ~$623M initially targeted. An online roadshow follows August 7 ahead of subscriptions opening August 10.
IPO issuance process launches: subscription set for August 10
On July 31, 2026 Unitree formally launches its STAR Market IPO issuance process. Institutional pricing inquiries run August 5, the offer price is set August 6, offline and online subscriptions open simultaneously August 10, and payment is due August 12, with CITIC Securities as sponsor and lead underwriter - the concrete pricing and trading calendar that had been outstanding since registration cleared on July 3.
FCC adds foreign humanoid and quadruped robots to Covered List
On July 28, 2026 the FCC added foreign-produced 'advanced robotic devices' - mobile humanoids, quadrupeds, and autonomous mobile robots over 4.4 lb with sensing, networking, and control software - to its Covered List alongside foreign-made grid-connected power inverters, citing national-security and supply-chain risk. New models from listed makers generally cannot receive the FCC equipment authorization required to import, advertise, or sell in the US unless the Department of War grants a Conditional Approval; previously authorized robots and federal government use are exempt. The order is formally country-neutral but is widely reported as targeting Chinese makers, principally Unitree, which had opened commercial sales in Europe on July 22 and was targeting North American launch for August 12.
Unveils UnifoLM-OmniA-0.3, an AI model for home-care and wellness tasks
In late July 2026 Unitree introduced UnifoLM-OmniA-0.3, a unified AI model combining speech, vision, navigation, reasoning, and physical manipulation into a single control system, so a humanoid can handle open-ended home-care and wellness tasks - placing a cushion, sorting laundry, loading a dishwasher, retrieving a requested medication package, and adjusting a hospital-style bed - without task-specific reprogramming. The release extends Unitree's embodied-AI software stack, following the open-sourced UnifoLM-WMA-0 world-model-action architecture, beyond industrial and research use cases toward household, elder-care, and daily-living applications as generalization and reliability mature.
US lawmakers introduce the GUARD Act targeting Chinese robots
On June 3, 2026 Representatives Moolenaar, Obernolte, and McClellan introduce the bipartisan GUARD Act (Guarding the U.S. Against Adversarial Robotics Dominance Act, H.R. 9129), which would direct national-security agencies to review Chinese-made humanoid and quadruped robots and add those judged high-risk to the FCC's Covered List - a broader restriction than the Pentagon's Section 1260H listing because it could reach commercial U.S. sales and imports, not just government contracting. Committee materials cite Unitree specifically, following a May 2025 House Select Committee on the CCP letter urging FCC, Commerce, and DoD scrutiny of the company. As of late July 2026 Unitree had not filed a legal challenge, unlike Alibaba, which sued the Pentagon over its own 1260H listing.
Unveils GD01, a manned bipedal-quadrupedal 'mecha'
On May 12, 2026 Unitree unveils the GD01, a roughly 2.7-2.9 meter tall, ~500 kg optionally-manned machine built from high-strength alloy that switches between bipedal and quadrupedal locomotion, with the pilot riding in a chest-mounted cockpit. Unitree markets it as the world's first production-ready manned mecha for heavy-duty civilian transport use cases, publicly re-shown at WAIC 2026 in Shanghai in July, and prices it from 3.9 million yuan (roughly $540,000-$650,000 depending on exchange rate). Availability so far appears limited to China.
Registration approved; STAR Market IPO cleared in record 104 days
On July 3, 2026 Unitree secured registration approval for its Shanghai STAR Market IPO - the final regulatory step before listing - clearing the process in a record 104 days. The company plans to raise about 4.2 billion yuan (roughly $618 million) by selling at least 40.4 million shares, a minimum 10% stake implying a valuation of around 42 billion yuan, with proceeds funding robot model development, robot-body research, new products and manufacturing capacity. A market debut could come as early as late July, making Unitree the first listed Chinese humanoid-robot maker.
Pentagon designates Unitree a Chinese military company under Section 1260H
The U.S. Department of Defense's updated Section 1260H list published June 8, 2026 names Unitree Robotics among 188 companies said to support China's military-civil fusion strategy. The FY2024 NDAA prohibits direct DoD contracting with listed entities beginning June 30, 2026, with indirect procurement bans following a year later. Unitree's robots are widely used by U.S. universities and research labs - the designation creates immediate uncertainty for ongoing and future U.S. government-affiliated partnerships even as Unitree's STAR Market IPO advances.
Nvidia and Sharpa partner on Isaac GR00T H2+ humanoid
At COMPUTEX Taipei on June 1, 2026, Nvidia CEO Jensen Huang unveils the Isaac GR00T reference humanoid built on Unitree's H2 body, Sharpa's 25-DoF dexterous hands, and Nvidia's Blackwell-class compute and Isaac GR00T stack. The H2+ becomes available starting October 2026 with initial deliveries to Allen AI, ETH Zürich, Stanford and UC San Diego, positioning Unitree as Nvidia's reference humanoid hardware partner.
STAR Market listing review approved on June 1
Shanghai's Listing Review Committee clears Unitree's STAR Market IPO on June 1, 2026 - only 73 days after acceptance - putting the company on track to be the first listed Chinese humanoid-robot maker, targeting RMB 4.2B (~$620M) at an initial market cap of about RMB 42B (~$6.2B).
Listing committee hearing set for June 1, Q1 profit drops 52%
The Shanghai Stock Exchange's Listing Review Committee schedules its 31st 2026 review meeting for June 1 to examine Unitree's STAR Market IPO application, only 73 days after acceptance. Disclosures ahead of the hearing show Q1 2026 revenue up roughly 68% YoY to RMB 422.8M, but adjusted net profit down about 52% YoY to RMB 40.3M as humanoid-robot price competition compresses margins.
Shanghai IPO filing follows first profitable year
Files for a Shanghai STAR Market IPO on March 20, 2026 after reporting 1.71 billion yuan in 2025 revenue, 600 million yuan in adjusted net profit, and 5,500 humanoid robots sold during the year.
2025
Forms IP-robot joint venture with Star CM (Yuxing Entertainment)
Unitree's subsidiary Beijing Lingyi Technology and Hong Kong-listed Star Plus Legend Holdings (Star CM) announce a 50/50 joint venture, Yuxing Entertainment Technology, to develop and sell consumer-grade character/IP-themed pet quadruped and performing humanoid robots, pairing Unitree's robot hardware with Star CM's celebrity IP licensing and content.
R1 and H2 launch as humanoid scale accelerates
Unitree stages 16 H1 robots at China's Spring Festival Gala, hosts a G1 humanoid robot combat event, launches the low-cost R1 humanoid, unveils the H2 full-size platform, and becomes the world's top humanoid seller by volume in 2025.
2024
2023
2021
2016
09
$2.7Bdisclosed across 3 rounds with a stated amount
Cumulative disclosed raise · dated rounds
Series A
2018
Sequoia Capital China
Series B
2021
Shunwei Capital, Sequoia Capital China
Series B2
February 2024
~$139M (nearly 1 billion yuan)
Meituan (lead), Source Code Capital, CITIC Securities (Goldstone), Shenzhen Capital Group, China Internet Investment Fund, Winreal Investment, Dunhong Capital Management
Series C
June 2025
Undisclosed (valuation ~12B yuan / ~$1.7B)
China Mobile fund, Tencent, Alibaba, Ant Group, Geely Capital, HongShan Capital (formerly Sequoia China), Jinqiu Capital
STAR Market IPO (listed)
August 2026
Priced at 150.80 yuan/share for ~6.1B yuan (~$904M) raised; began trading Aug 19, 2026, opening 629% higher at 1,100 yuan/share (~445B yuan, ~$62-66B opening market cap) before paring gains to trade roughly 500-540% higher intraday
Public markets (Shanghai STAR Market, ticker 688836); strategic placement investors include DeepSeek (933,400 shares, ~141M yuan / ~$20.8M), Tencent, China National Petroleum, China Southern Power Grid, China Telecom, CITIC Securities, and the National Council for Social Security Fund
