The brief

Analyst view

• Walker series cumulative sales: 1,079 units by end-2025. S2 mass production started Nov 2025, scaling to 5,000 units/year.
• 2,900+ patents in robotics. R&D: 507M yuan (25.4% of revenue) in 2025; engineering team of 948, nearly half advanced degrees.
• HKEX-listed Dec 29, 2023 (ticker 9880) at $4.8B valuation. Founder James Zhou billionaire; Tencent holds 6.15% stake.

Technical approach

As reported

Motion control

Whole-body balance and planning

Core patents cover balance control and motion planning to keep bipeds upright while moving loads.

Actuators

High-torque custom servos

In-house servo design provides industrial-grade strength and quality control.

Perception

Stereo vision and task planning

Binocular vision and object recognition enable autonomous operation in unstructured factories.

AI

Brainnet 2.0 + Co-Agent software

Low-level motion control plus high-level task planning and fleet coordination.

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