Ubtech Robotics Shares Surge Following Strong Pre-Sales
Ubtech Robotics' stock rose significantly on Monday after the company announced strong pre-order figures for its new consumer humanoid robot. As a result, the company substantially outperformed the market despite a broader decline in the technology sector.
The stock increased by approximately 8.3% and reached a one-week high of 121.30 Hong Kong dollars, while the Hang Seng index in Hong Kong fell by approximately 2%.
According to the company, its new "ultra-bionic" humanoid robot presented under the UWORLD brand received more than 2,110 pre-orders in just six days. Each pre-order is priced at approximately 3,000 yuan.
The robot is designed for "emotional companionship" and is scheduled to launch on June 30.
The company believes that strong pre-order demand indicates that the consumer humanoid robot market is growing faster than expected and could become a significant growth driver for Ubtech in the coming years.
