Unitree Robotics

Profitable volume leader in low-cost humanoids and quadrupeds; China's first listed humanoid maker

Public · Shipping · Humanoid OEM · Hangzhou, Zhejiang, China · Founded 2016 · 688836.SH (Shanghai STAR Market) · unitree.com

Yahoo/IDC article date approximate.

Profile

Hangzhou-based Unitree sells some of the world's cheapest humanoids and quadrupeds and has been profitable for several years (2025 revenue ~RMB 1.7B per prospectus). IDC ranks it the #2 humanoid shipper in H1 2026 with about 5,000 units. It listed on Shanghai's STAR Market on Aug 19, 2026.

Also listed as a component supplier.

People

• WX
  Wang Xingxing Founder

  Founder, Chairman and Chief Executive Officer

Sources: Unitree IPO turns 36-year-old founder into China's first humanoid robot billionaire (Forbes) · Unitree Robotics files for $608 million STAR Market IPO (Caixin Global) · As of Oct 8, 2026. X handles are shown only when we could confirm they belong to the person.

Flagship robots

• G1 Humanoid
  Compact humanoid widely used in research/education
• H2 Humanoid
  Full-size humanoid
• R1 Humanoid
  Low-cost humanoid
• Go2 / B2 Quadruped

Market & financials

Competitors

Companies with overlapping products. Direct = same customers and same job; Adjacent = overlapping technology or market, different focus.

• Robot Era

  Direct competitor

  CNHumanoid startup

  Both sell humanoids and hands to Chinese buyers: Robot Era makes the STAR1 humanoid and XHAND dexterous hands, while Unitree Robotics sells low-cost humanoids and quadrupeds in volume.

  Sources (2)

  • Unitree Robotics (company website)
  • Robot Era (company website)

• LimX Dynamics

  Direct competitor

  CNHumanoid startup

  Both sell humanoids and legged robots to developers, universities and research labs: LimX Dynamics makes the Oli humanoid and TRON legged robots, while Unitree Robotics sells low-cost humanoids and quadrupeds in volume.

  Sources (2)

  • Unitree Robotics (company website)
  • LimX Dynamics (company website)

• Booster Robotics

  Direct competitor

  CNHumanoid startup

  Both sell humanoids and legged robots to developers, universities and research labs: Booster Robotics makes compact T1 and K1 humanoids for research, education and robot soccer, while Unitree Robotics sells low-cost humanoids and quadrupeds in volume.

  Sources (2)

  • Unitree Robotics (company website)
  • Booster Robotics (company website)

Recent news

• Sep 30, 2026 — IDC: Unitree #2 humanoid shipper in H1 2026 (~5,000 units) Yahoo Finance
• Aug 19, 2026 — Unitree lists on STAR Market (688836.SH), raising RMB 6.1B TechNode
• Aug 6, 2026 — Unitree prices IPO at ~$9B valuation CNBC/Reuters

Suppliers

• Leaderdrive (Suzhou Lvdi) — Harmonic reducers; integrated joint modules (in development)
• Hesai Group — Robotics lidar (JT128 and others); robotic actuation modules
• RoboSense — Airy and E-series robotics LiDAR; expanding into cameras, tactile and joint modules
• Orbbec — Gemini stereo/ToF 3D cameras

Sources

• Chinese humanoid robot maker Unitree prices IPO at $9 billion valuation (CNBC/Reuters) (Aug 6, 2026)
• Why Unitree became the first humanoid robot company to go public in China (TechNode) (Aug 20, 2026)
• Unitree Robotics confirmed STAR Market listing (36Kr) (Aug 17, 2026)
• Humanoid Robot Shipments Jump 432%, China Has 95% Market Share (Yahoo Finance, IDC data) (Sep 30, 2026)

Confidence: high.

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