Unitree, China’s best-known humanoid robot maker, saw its shares climb nearly sixfold on its first day of trading in Shanghai, marking a landmark moment for the country’s robotics sector, according to a recent Reuters report.

Chinese robotics company Unitree has recently unveiled its R1 humanoid robot - a $5,900 machine that moves with startling agility. Standing 4 feet tall and weighing 55 pounds, the robot can perform cartwheels, hand-walking, punching combinations, and even downhill sprints - capabilities normally seen in robots costing many times more.