Production cost is falling 20 per cent every year, said UBTech’s chief branding officer Michael Tam, during an interview with the Post.

UBTech Robotics said it planned to expand its assembly of humanoid robots 10-fold next year to as many as 5,000 units and double that to 10,000 in 2027, as the scale economics of China’s advanced manufacturing prowess shaves a fifth off production costs every year. The Shenzhen-based company was on track to deliver 500 humanoid robots for industrial use by the end of this year, scaling up since delivering the first 10 droids last year, UBTech’s chief branding officer Michael Tam said during an…

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