Ubtech jumps on report of Huawei tie-up to ramp up broader robot adoption

Ubtech Robotics

13/05/2025 02:57

** Shares of Chinese humanoid robot maker Ubtech Robotics Corp 9880.HK jump 19.2% to HK$103.9, their highest since March 10, and on course for the second session of gains

** Stock set for the biggest one-day rise since January 24 if gains hold

** Huawei has partnered with Ubtech to bring humanoid robots to factories and homes, in a move to "accelerate the transition of humanoid robots from laboratory innovations" to "large-scale adoption in industrial, household and other scenarios", SCMP reported

** Hang Seng Tech Index .HSTECH falls 1.5%, Hang Seng Index .HSI eases 1%

** Stock up 76.3% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))