Chinese Humanoids Surging 94% as Unitree Eyes IPO

TL;DR: China’s humanoid production is set to explode by 94% in 2026, with Unitree and AgiBot eating up 80% of the market. Oh, and Unitree is insanely profitable.

If you thought the robotics race was slowing down, look at China. A massive new report from TrendForce projects Chinese humanoid robot output will surge 94% in 2026. The industry is moving past basic parlor tricks and jumping straight into heavy commercialization.

Two names are absolutely dominating right now: Unitree Robotics and AgiBot. Together, they’re projected to snag nearly 80% of total shipments. AgiBot recently hit a wild milestone, rolling out its 10,000th Expedition A3 general-purpose robot. They scaled from 5,000 to 10,000 units in just three months. That is serious manufacturing speed.

But Unitree is the real story here. They just got their IPO application accepted on China’s STAR market, and their numbers destroy the myth that robotics is just a cash fire. In 2025, Unitree’s humanoid revenue actually surpassed their famous robot dogs for the first time. Even better? They’re pulling a combined gross margin of 60%. Now they’re expanding capacity to pump out 75,000 humanoids a year. The entire supply chain is about to feel this.

Source: TrendForce

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