Understanding the Market | UP Fintech Surges Over 5% in Early Trading, Tesla to Begin Small-Scale Production of Humanoid Robots Next Year, Industry Enters a Period of Rapid Development

UBTECH rose more than 5% in early trading. As of the time of publication, it has risen by 3.01% to HKD 109.4, with a turnover of HKD 4.0504 million. On the news front, on the 22nd, Musk stated on social media that Tesla will produce humanoid robots on a small scale for internal use next year, and is expected to mass produce robots for other companies in 2026. Huatai Securities stated that with multiple parties entering the market, the humanoid robot industry is entering a period of rapid development. In the fiercely competitive market environment, China's humanoid robot industry is also showing a vigorous development trend. Domestic humanoid robots such as UBTECH Walker are gradually being introduced to the market, accelerating global competition in the humanoid robot industry