(Yicai) Nov. 9 -- Shares in Swancor Advanced Trading soared by the exchange-imposed daily limit today after the Chinese new materials firm, which was acquired by robot maker AgiBot last year, said that it has produced 10,000 consumer-grade embodied artificial intelligence robots in less than two months after their launch.

Swancor’s share price [SHA: 688585] closed up 20 percent at CNY216.02 (USD32.40). The stock has surged approximately 27-fold since July last year when the Shanghai-based firm said AgiBot would become its new controlling shareholder.

Lens Technology, which manufactures the robots on a contract basis, saw its share price [SHE: 300433] close up 6.6 percent at CNY28.81 (USD4.30). Earlier in the day it jumped 9 percent to hit CNY29.45. And another contract manufacturer, Kunshan Huguang Auto Harness [SHA: 605333], closed up 4 percent at CNY19.79.

Swancor’s robotics subsidiary Primebot has achieved a combined production milestone of 10,000 units for its consumer-grade embodied AI robots, the Primebot Q1 and Primebot T1, Swancor said yesterday. Production capacity is being ramped up in an orderly manner with both models maintaining good manufacturing yields.

PrimeBot officially launched its Q1 and T1 consumer robot models on Sept. 20, with production reaching 5,000 units on Oct. 25 and doubling to 10,000 units by Nov. 8.

On the day the 5,000th unit rolled off the production line, Gao Quanzhong, co-president of PrimeBot and president of its central R&D department, said the company had achieved a production rate of one robot every two-and-a-half minutes, with daily output exceeding 200 units.

The Q1 and T1 are designed primarily for home companionship, AI-powered educational interaction, and intelligent tracking and recording. Both models feature open development interfaces and support secondary development as well as customization of movements and appearance.

Shanghai-based AgiBot acquired a 63.6 percent stake in Swancor in October last year. Following the change in controlling shareholder, Swancor, whose main business is composite materials, began expanding into the embodied AI robotics industry.

AgiBot co-founder and well-known tech key opinion leader Peng Zhihui currently serves as chairman of Swancor.

Editor: Kim Taylor