Here’s chery’s robot unit Aimoga prepares for IPO, targets 10,000 deliveries next year
- Aimoga is in talks with several potential listing venues, without disclosing a timetable.
- The company has delivered more than 3,000 robots globally so far, including 2,000 overseas.
Aimoga Robotics, the robot brand incubated by Chery (HKEX: 9973), is preparing for an IPO (initial public offering) to raise funds for further expansion and technology investment.
The company is in talks with several potential listing venues, Zhang Guibing, head of the business and president of Chery International, told Reuters on the sidelines of the World Robot Conference in Beijing.
“We’re making the relevant preparations now … and currently in discussions with several (IPO) locations,” he said. Zhang declined to provide details on the timing or venue of a potential listing, Reuters noted.
A listing would provide funding for future technology investments while also enhancing governance, transparency and operational standards, he said.
Separate listings of Chery units are not without precedent, Reuters noted. Auto parts supplier Bethel Automotive went public in Shanghai in 2018, and robotics and automation firm Efort listed on the STAR Market in 2020.
The timing is notable. Unitree, China’s best-known humanoid robot maker, soared as much as about six-fold on its STAR Market trading debut on Wednesday, becoming the first listed humanoid robot company in the Chinese mainland.
Incubated by Chery in January 2025, Aimoga has delivered more than 3,000 robots globally, including 2,000 overseas, and operates in more than 60 countries and regions.
The company plans to deliver 10,000 robots globally next year and aims over the long run to rank among the “world’s top” robotics firms, Zhang said, according to the Reuters report.
Police robots are one of its key focus areas. Aimoga unveiled humanoid police robots earlier this year, with 110 units already in use across multiple Chinese cities for traffic management, crowd guidance and public-safety awareness campaigns.
Traffic police work in harsh conditions, exposed to extreme weather, vehicle emissions and a higher risk of accidents, Zhang said, adding that robots could help ease labor shortages in such roles.
He sees potentially greater demand overseas, particularly in parts of the Middle East and Southeast Asia, where high temperatures and heavy rainfall make traffic management more challenging.
To reduce its reliance on the domestic market, Aimoga is accelerating its overseas push, led initially by service robots and companion robots.
Asked about a possible entry into the US, Zhang said the company’s ambition is to serve global markets, but that expansion would require adapting to different local regulations and customer needs. He said in May that Chery was considering entering the US at a suitable time.
Aimoga began selling directly to Chinese consumers through a JD.com flagship store in April this year, with its humanoid robot priced at 285,800 yuan ($42,100) and its quadruped robot dog at 15,800 yuan.
Zhang compared China’s current robotics industry to the country’s EV sector a few years ago, with companies emerging rapidly and competition intensifying.
He expects consolidation to strengthen the industry’s technology base, but also said “competition, particularly on costs, is likely to be fierce.”
“Humanoid robots could take about a decade to mature before seeing rapid adoption,” he said.
Besides Chery, Chinese automakers including BYD (HKEX: 1211), Changan Automobile (SZSE: 000625), GAC Group (HKEX: 2238) and Xpeng (NYSE: XPEV) are also developing humanoid robot products.
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