Agibot plans to acquire a 63.62% stake in Shangwei New Materials for RMB 2.1 billion via share transfer and tender offer. If completed, CEO Deng Taihua will become the controlling shareholder, making Shangwei the first embodied
AI company listed on China’s A-share market. The deal would combine Agibot’s
robotics tech with Shangwei’s manufacturing base to accelerate commercialization.