Gasgoo Munich- On June 12, MetaX and UBTECH recently signed a strategic partnership agreement in Nanjing. The two companies established a joint venture, Xixuan Chuangzhi Technology (Wuxi) Co., Ltd., to manage the R&D and mass production of chips for embodied intelligence.Public filings show Xixuan Chuangzhi has a registered capital of 100 million yuan. Backed by listed firms including MetaX, UBTECH, and Fenglong Co., Ltd., the venture sees MetaX and UBTECH each holding 35.01%, making them the largest shareholders, while Fenglong holds 4.7%. MetaX Chairman Chen Weiliang will serve as chairman of the new entity, with UBTECH founder and CEO Zhou Jian as vice chairman. Yang Xianbo, former senior vice president at H3C and president of its industry business group, was named CEO to lead strategy, technology development, and market operations.Image source: UBTECHAs previously reported by Gasgoo, UBTECH generated total revenue of 2.001 billion yuan in 2025, a 53.3% year-on-year increase. Gross margin rose to 37.7%, a 9 percentage point increase from 28.7% in 2024. The company's net loss narrowed by 31.9% to 790 million yuan, while the adjusted net loss, excluding share-based payments, narrowed by 24.5% to 691 million yuan.Notably, revenue from UBTECH's full-size embodied AI humanoid robots and solutions increased from 35.6 million yuan in 2024 to 821 million yuan, a rise of more than 22-fold. This segment became the company's largest revenue stream.
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