1、ab17 June 2025Global ResearchChina IndustrialsProfiling five private humanoid robot companies in ChinaProfiling five private humanoid robot companiesLeveraging the expertise of more than 30 UBS analysts across 25-plus sectors,we published a Q-series report on the humanoid robot industry.The report a

2、ims to bring investors up to date with this brave new world,summarising industry developments,forecasting future growth and identifying the technological and regulatory milestones that are likely to be crucial to realising a century-old dream.A large number of companies have recently entered the hum

3、anoid robot market.These include carmakers,such as Tesla and Xpeng,as well as robot OEMs,such as Estun and Dobot,and home appliance companies,such as Midea,that are planning to bring humanoid robots to the market.Numerous startups are also rushing into the market.Upstream,there are a mix of traditio

4、nal industrial companies the main players as well as a handful of startups.This report profiles five private companies:Unitree,AgiBot,Fourier,Leju Robotics and BrainCo.UnitreeUnitree was founded in 2016,with a focus on quadruped robots and has led the market in sales volume over the years.It then br

5、anched out into humanoid robots in 2023,with videos of its models performing at the 2025 Chinese Spring Festival Gala going viral recently.Unitree focuses on humanoid hardware and motion control,providing humanoid robots mainly for secondary development.AgiBotAgiBot,founded in 2023,has set up a seri

6、es of humanoid robot products,including YuanZheng,LingXi(small-size humanoid)and Genie(wheeled robots).It completed mass production of 1,000 units of embodied intelligence robots in January 2025.It has established partnerships with multiple listed companies,including Lens Technology,Bozon Precision