Qiyuan Robots Launch at 19,999 Yuan; Swancor Shares Surge After 10,000 Units Roll Off

On November 8, Swancor New Materials released a business progress announcement, stating that while maintaining steady growth in its new materials business, it is actively expanding into consumer-grade embodied AI robots. The announcement disclosed that its Qiyuan Q1 and Qiyuan T1 products have rolled off the production line, reaching 10,000 units. The Qiyuan Q1 and T1 are positioned as consumer-grade embodied AI products. Originally focused on new materials, Swancor is now extending its business into the consumer robotics sector. Swancor said it will continue to develop its consumer robot business while keeping its new materials operations stable.

The news drove Swancor's stock to hit the daily limit on November 9. After several intraday limit-up breaks, the shares closed at 216.02 yuan, up 20%. The Qiyuan robots start at 19,999 yuan. The 10,000-unit rollout signals progress in mass production. Industry observers note that the milestone marks an important production ramp for Qiyuan robots, with future shipments still to be watched. Investors reacted positively to the announcement.