Ubtech Robotics is trading at €9.40 (4.95% down) today as battery-life criticism and competitive pressure from rival Unitree overshadow a major new commercial partnership.
- The stock continues a steep multi-week slide despite a strategic €870 million deal with Shenhao Technology to deploy humanoid robots in China’s energy and power sectors.
- Investor sentiment is currently weighed down by negative reports regarding battery ratings for the newest consumer robot and the looming IPO of competitor Unitree.