China’s AgiBot targets US$142 million revenue as march of humanoid robots gathers pace

AgiBot, one of the fastest-growing robotics start-ups in China, has set its sights on exceeding 1 billion yuan (US$142 million) in revenue for 2025, as the industry accelerates the commercialisation and large-scale deployment of humanoid robots. AgiBot was expected to ship a total of 5,000 humanoid robots in 2025, chairman and CEO Deng Taihua said in a company event on Monday. AgiBot’s output and sales targets, which the start-up confirmed on Tuesday, were expected to maintain “multi-fold”...