China humanoid robot event in April to recognize inroads by domestic players

The year 2024 witnessed exponential growth of Chinese humanoid robotics, both in the number of new models released and the scale of financing that poured into this domain.

The 1st China Humanoid Robot Conference is due to be held in April this year in Beijing, in recognition of the growing role of this technology in China.

The event, whose exact time, venue and schedule are yet to be decided, is expected to bring together Chinese academicians and representatives of leading domestic humanoid robot developers.

Leaked posters suggest the conference consists of 12 keynote speeches and three roundtables.

Distinguished speakers from home and abroad will then be invited to discuss opportunities and challenges confronting the humanoid robot segment.

Possible panel discussions will explore how cost advantages of Chinese manufacturing may accelerate the maturity of humanoid robotics.

What’s more, talks are scheduled to highlight how the adoption of humanoids in industry will spur the upgrade of Chinese manufacturing.

Image credit: Unsplash

As with all tech conferences, the organizer of the meeting, a company called Leaderobot, plans to set up 14 booths to exhibit models, core parts and smart perceptive systems from top-notch players in the field.

At the same time, it also looks to bestow five awards on outstanding firms in the emerging sector over the past year.

Gone a long way

The year 2024 witnessed exponential growth of Chinese humanoid robotics, both in the number of new models released and the scale of financing that poured into this domain.

Image credit: Unsplash

Product-wise, dozens of new humanoid models came out the previous year and made a splash. Some notable examples are Xiaomi’s CyberOne, UBTech’s Walker S, Fourier Intelligence’s GR-1, Agibot’s A1, Unitree’s H1, XPeng’s PX5, Kepler’s K1/S1/D1 and Robot Era’s Xiao Xing, among others.

The sheer vigor within this sector was matched by the mega-sized venture capital transactions that took place.

Within the whole of 2023, the Chinese humanoid robotic space logged 16 known raises, to the tune of 2.46 billion yuan (US$343 million).

Image credit: Unsplash

According to a study by International Federation of Robotics and Chinese Institute of Electronics, the Chinese humanoid robotics market is on track to high-speed growth going forward.

The study draws parallels between electronics and robotics, concluding that when a product’s penetration rate rises above 20%, a market boom is in the offing.

If Chinese humanoid robotics were to expand by a CAGR of 30% from 2023 to 2030, the size of the industry could hit 870 billion yuan by 2030, making the country the world’s largest market for humanoid robots, the study finds.

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Ni Tao

Ni Tao is the founder and editor-in-chief of cnrobopedia. Prior to cnrobopedia, he had a full decade of experience with a major state-run English-language newspaper as a tech reporter and opinion writer. He is also a communications specialist, having provided consultancy services to established firms like Siemens, Philips, ABinBev, Diageo, Trip.com Group (Nasdaq: TCOM, HK: 9961), Jianpu Technology (NYSE: JT) and a handful of domestic startups. A graduate of Fudan University, he writes widely about China's business and tech scenes and other topics for global publications including South China Morning Post, SupChina, The Diplomat, CGTN, Banking Technology, among others, and tries to impart his experience to students at Fudan University Journalism School, where he is a part-time lecturer. When he's not writing about robotics, you can expect him to be on his beloved Yanagisawa saxophones, trying to play some jazz riffs, often in vain and occasionally against the protests of an angry neighbor. Get in touch with him by dropping a line at nitao0927@gmail.com.

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