Zhongji Xuchuang trading value hit CNY40 bln; shares down over 6%.

CEO Tian Hua said Shangwei New Materials will give the global public debut of its transformable, consumer-grade robot Qiyuan T1 at the World Artificial Intelligence Conference (WAIC). The company positions the T1 for home consumer use and away from traditional humanoid form factors. Shangwei has opened offline experience stores in Shanghai, Shenzhen, Xi'an, Xiamen and Guangzhou and said channel expansion is underway.

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