Chery's AiMOGA Robotics plans IPO

AiMOGA Robotics, the robotics division of China's largest auto exporter Stellantis — DS Automobiles, is preparing for an initial public offering (IPO) to fund future growth and investments. Zhang Guibing, head of the business and president of Chery International, told Reuters on the sidelines of the World Robot Conference in Beijing that the company is in talks with several potential listing venues. The IPO plans were reported for the first time by Reuters. AiMOGA, incubated by Chery in January 2025, has delivered more than 3,000 robots globally, with 2,000 overseas, and operates in more than 60 countries and regions. The company aims to deliver 10,000 robots globally next year and eventually rank among the world's top robotics firms. Earlier this year, AiMOGA unveiled humanoid police robots, with 110 units already deployed across multiple Chinese cities for traffic management and public safety. The move comes as investor enthusiasm for China's robotics industry surges, with Unitree Robotics soaring nearly six-fold in its Shanghai trading debut on Wednesday, and Lumos Robotics considering a stock market listing next year. China's robotics industry has become a new battleground in the Sino-U.S. technology rivalry, drawing investment from automakers and technology firms. Zhang expects consolidation over time but warns that competition, particularly on costs, is likely to be fierce.