The company is moving beyond traditional robots into higher-value systems designed for smart manufacturing.

Cockpit-driving integrated products sit at the center of the company’s pitch.

The company has hired advisors and signed a guidance agreement, but said any RMB share issuance remains preliminary.

The listing bid comes as conversational AI moves deeper into cars, offices, homes, and other everyday settings.

Its Xtacking architecture is likely to be a key part of its pitch to investors.

Even with revenue growth, investors will likely demand proof of scalable deployment and cash generation.

The chipmaker is expanding beyond automotive and energy storage to pursue broader physical AI opportunities.

AI and tech lead billions of US dollars in capital raised, with totals outpacing Nasdaq and NYSE combined.

Tencent and JD.com are among its primary backers.

The robotics company is the latest of Hangzhou’s “six little dragons” to show substantive IPO progress.