CompanionRater

Industrial & SMB robotShipping

UBTECH Walker S2

Mass-produced industrial humanoids with real customers and real accounts.

We haven't tested this machine hands-on, so this profile carries no rating — every fact below traces to the sources at the end, and the judgments are clearly ours. Full methodology on the Robot Tracker.

At a glance

Status
ShippingReal units delivered to paying customers
Can you buy it?
Yes
Price
B2B contracts (single orders up to ¥250M)
Form factor
Bipedal humanoid
AI brain
Co-Agent / BrainNet (in-house)
Maker
UBTECH (China)
Backing
Public (HKEX: 9880); 2025 revenue ¥2.01bn, humanoid segment up 22×

UBTECH is the humanoid company you can actually audit: listed on the Hong Kong exchange (HKEX: 9880) since 2023, it reported 2025 revenue of ¥2.01bn with its full-size humanoid segment growing 22-fold to ¥821M — 41% of the business. It sold 1,079 full-size humanoids in 2025 and began mass delivery of the third-generation Walker S2 in November 2025, against ¥800M+ (~$112M) in accumulated Walker-series orders.

Its customer list is the industrial who's-who of China: BYD, Foxconn, Geely, FAW-Volkswagen, Audi FAW, SF Express. The robots do factory tasks — logistics, inspection, data collection — in phased deployments, with capacity targets of 5,000 units/yr in 2026. The counterweight: UBTECH is still loss-making (net loss ¥790M in 2025, though narrowing), and its machines are strictly industrial. But if you want audited financial evidence that humanoids are becoming a real product category, UBTECH's annual report is currently the best document in the industry.

What's real

  • Mass delivery is real: several hundred Walker S2 units shipped from Nov 2025; 1,079 full-size humanoids sold in 2025
  • Public-company disclosure — audited revenue (¥2.01bn 2025), segment detail, and order books instead of press claims
  • Named blue-chip customers and partners: BYD, Foxconn, Geely, FAW-Volkswagen, SF Express

Know before you watch (or buy)

  • Strictly industrial — nothing here is aimed at homes or consumers
  • Still unprofitable (¥790M net loss in 2025, narrowing) — the segment's economics remain unproven
  • Deployments are phased factory rollouts; 'several hundred delivered' is the verified scale, not thousands

The evidence

Mass production and delivery since Nov 2025; 1,079 full-size humanoids sold in 2025 on ¥800M+ (~$112M) of orders; works with BYD, Foxconn, Geely, FAW-VW; targets 5k units/yr capacity in 2026.

Sources: PR Newswire / UBTECH · Humanoid Guide

Bottom line

The most transparent humanoid business in the world, and the strongest evidence that industrial humanoids are becoming a genuine product. Irrelevant to home buyers — essential to anyone tracking whether this industry is real.

FAQ

Is UBTECH's Walker S2 actually deployed?

Yes — mass production and delivery began in November 2025, with several hundred units shipping toward a 500-unit year-end target, and 1,079 full-size humanoids sold across 2025. Partners and customers include BYD, Foxconn, Geely, and FAW-Volkswagen. It's an industrial robot; you can't get one for your house.

More industrial humanoids