Chery Auto Plans AiMOGA Spin-off as Robot Deliveries Target 10,000

Chery Auto is spinning off its humanoid robotics unit AiMOGA to fund a push toward 10,000 robot deliveries next year.

Chery Auto is preparing a spin-off listing of its humanoid robotics unit AiMOGA, targeting 10,000 robot deliveries next year as competition intensifies across China's fast-growing robotics sector.

"The listing would provide funding support for future growth while enhancing governance, transparency and operational standards," Zhang Guibing, general manager of Chery Auto's International Business Group, told Reuters.

AiMOGA has already delivered more than 3,000 robots globally, including 2,000 in overseas markets, with operations spanning more than 60 countries and regions. Zhang said discussions are underway on several potential listing venues, without specifying an exchange or timeline.

A standalone listing would give the robotics arm independent access to capital markets as Chery Auto chases its goal of becoming one of the world's top robotics companies — a segment where Chinese players are racing to scale production and win export orders.

Deliveries Scale Toward 10,000

The 10,000-unit target for next year marks a more than threefold jump from the roughly 3,000 robots AiMOGA has delivered to date. Overseas markets account for about two-thirds of that installed base, with 2,000 units shipped abroad across the more than 60 countries and regions where the unit operates.

The spin-off plan comes as China's humanoid robotics industry draws heavy investment from automakers and technology groups alike. Companies including BYD, Xiaomi and Tesla have all signaled ambitions in humanoid robots, while startups such as Unitree Robotics have pushed down prices to broaden adoption. Chery Auto's decision to list AiMOGA separately would let the unit raise capital on its own balance sheet rather than compete for funding inside the automaker.

The move mirrors a broader trend of Chinese conglomerates carving out high-growth units to unlock value. Automakers and industrial groups have increasingly turned to spin-offs to give emerging businesses dedicated capital and management focus, a structure that also lets parent companies crystallize value from divisions that markets may not fully price within the group.

Stock Rallies on the News

Shares of Chery Auto rose as much as 2.6 percent to HKD26.04 on Thursday, after opening 0.08 percent higher and touching a session peak of HKD26.3. Turnover reached 830,200 shares, worth about HKD21.6 million, with short selling of HKD3.62 million representing a 21.3 percent ratio.

The listing discussions come as Hong Kong deepens its appeal as a venue for robotics and new-economy listings, with the exchange courting mainland technology companies seeking international capital. A successful AiMOGA spin-off would add to a pipeline of robotics-related deals in the city, giving global investors a purer play on China's humanoid robot buildout.

For Chery Auto, the spin-off is part of a broader push to unlock value across its businesses as the parent automaker expands beyond combustion-engine vehicles into electric and intelligent mobility. The robotics unit's independent listing would also sharpen management focus and transparency, Zhang said, as the company positions AiMOGA to compete with global leaders in the sector.

The outcome will hinge on how quickly AiMOGA can convert its delivery pipeline into recurring revenue and whether it can hold its lead in overseas markets, where Chinese robotics exporters face scrutiny over data and supply-chain practices. If the unit hits its 10,000-unit target next year, the spin-off could arrive with a scale story that commands a premium valuation; a shortfall would test investor appetite for a robotics listing without proven profitability.

This article is for informational purposes only and does not constitute investment advice.