Chery's robotics subsidiary plans IPO to expand humanoid operations globally

Mojibot, the robotics division of Chinese automaker Chery, has begun preparations for an initial public offering across multiple markets, seeking capital to accelerate international expansion and technology investments. The company, established in January 2025, has already exceeded 3,000 units delivered globally, with half of these shipments directed overseas, reaching more than 60 countries and regions. For the coming year, Mojibot projects a substantial increase in humanoid production, targeting 10,000 deliveries. The company has developed humanoid robots for various segments, including retail, customer service, and law enforcement applications. Its police robot model currently has over 110 units operating across several Chinese cities, assisting with traffic management, crowd guidance, and public safety awareness. Company executives emphasize that traffic management represents a particular demand segment, especially in regions facing adverse weather and air pollution challenges. International markets, particularly in the Middle East and Southeast Asia, present even larger opportunities due to extreme climatic conditions. China's robotics sector is experiencing acceleration similar to the electric vehicle segment from several years ago, with numerous automotive and technology companies seeking market positioning. Mojibot executives acknowledge intensifying competition, particularly in cost considerations, and estimate that humanoid robots will require approximately ten years to reach technological maturity before mass adoption becomes feasible.