Understanding the Market | MAXNERVA TECH rose over 17% after announcing potential collaboration with UBTECH ROBOTICS in the humanoid robot business
MAXNERVA TECH's stock price rose by over 17%, with an increase of 17.86% as of the time of publication, trading at HKD 0.99, with a turnover of HKD 12.2876 million. The company announced on September 22nd that it had signed a memorandum of understanding with UBTECH ROBOTICS regarding potential strategic cooperation in the humanoid robot business. MAXNERVA TECH Shenzhen will be responsible for the global sales and marketing of UBTECH's humanoid robot products, while UBTECH will focus on research and development and production. UBTECH has also signed a procurement contract worth 30 million yuan with Tianqi Automation
According to Zhitong Finance APP, MAXNERVA TECH (01037) rose over 17%, with a current increase of 17.86%, priced at HKD 0.99, and a transaction volume of HKD 12.2876 million.
On the news front, on September 22, MAXNERVA TECH announced that its wholly-owned subsidiary MAXNERVA (Shenzhen) Technology Co., Ltd. has signed a memorandum of understanding regarding potential strategic cooperation in humanoid robot business with UBTECH ROBOTICS. According to the memorandum, MAXNERVA Shenzhen will be responsible for the global sales, marketing, and after-sales service of UBTECH humanoid robot products, while UBTECH will focus on product research and development, production, technical support, and product upgrades. This division of labor creates a precise complementarity of "R&D production + market service." UBTECH, as one of the few companies globally with full-stack technical capabilities in humanoid robots, holds the largest number of effective patents for humanoid robots in the world, while MAXNERVA TECH is an associated listed company of Hon Hai Precision Industry Co., Ltd. (Foxconn).
It is worth mentioning that UBTECH's official WeChat account disclosed this morning that its smart logistics subsidiary UQI has officially signed a procurement contract with Tianqi Automation Engineering Co., Ltd. Tianqi will purchase UBTECH's industrial humanoid robot Walker S series at a total price of 30 million yuan, with delivery to be completed by December 31, 2025. Including this order, UBTECH's Walker series humanoid robots have received contracts totaling nearly 430 million yuan to date (including nearly 50 million yuan in humanoid robot orders delivered in the first half of the year, excluding orders for the full-size research and education humanoid robot Tian Gong Xing Zhe)
