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  4. Humanoid Robots

Humanoid Robots

Chinese manufacturers shipped over 14,500 humanoid robots in 2025 — 90% of global volume — while US companies shipped roughly 150
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China's humanoid robot industry went from research curiosity to mass production in under three years. Unitree's G1, priced at $16,000, costs one-sixth of comparable Western models. The company is preparing an IPO. Agibot, UBTech, and Fourier Intelligence are scaling factory deployments.

The primary deployment target is automotive manufacturing. BYD and other automakers are testing humanoids for tasks that are too complex for fixed robots but too dangerous or repetitive for humans — loading parts, quality inspection, warehouse logistics. The government warned of a bubble (NDRC), but the market is consolidating around a handful of serious players.

The 90% shipment gap with the US reflects a manufacturing advantage, not necessarily a technology lead. US firms like Figure AI and Boston Dynamics may have more sophisticated models, but China's ability to produce at scale and low cost is creating a deployment lead that generates the real-world data needed to improve.

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Investment
5/5
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Hardware

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