HK-listed UBTech jumps on Foxconn partnership in humanoid robotics

Ubtech Robotics

15/01/2025 05:31

** Shares of UBTech Robotics Corp Ltd  9880.HK  jump 15.7% to
HK$55.05, on track for their biggest one-day rise since Oct 22,
if gains hold
    ** Stock of the Chinese humanoid robot maker hit the highest
since Jan. 2, set to gain for a second session
** UBTech Robotics and Foxconn  2317.TW  announced the
establishment of a long-term strategic cooperation to jointly
implement the application of humanoid robots in the field of
intelligent manufacturing
    ** Says they will promote the practical application of
UBTech humanoid robots in Foxconn's smart manufacturing
scenarios
    ** Hang Seng Tech Index  .HSTECH  slips 0.04% while Hang
Seng Index  .HSI  adds 0.1%
     

(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))