Stabilus SE Divests Fabrica and TECH Products for 92 Million, Narrows Full-Year Revenue Guidance to 1.15 Billion

On October 9, C&D Inc. and Shenzhen UBTECH Robotics Corporation Limited signed a strategic cooperation agreement in Xiamen. UBTECH Robotics founder, chairman and CEO Zhou Jian, director and senior vice president Hao Baoyu, and C&D Inc. chairman Lin Mao, along with other leaders from both sides, attended and witnessed the signing. Under the agreement, the two parties will leverage C&D Inc.'s channel network, supply chain system and financial leasing capabilities, combined with UBTECH Robotics' full-stack self-developed humanoid robot technology and mature product portfolio, to jointly promote the large-scale deployment of intelligent robots in government exhibition halls, commercial complexes, industrial parks and other scenarios. The two sides also held in-depth exchanges on topics including intelligent robot market expansion, regional scenario implementation, after-sales operation and maintenance system development, industry-finance innovation cooperation, and overseas market coordination, and reached consensus on business linkage and joint development of an industrial ecosystem. The signing marks the entry of the two parties' cooperation into a phase of all-round, systematic and large-scale deep collaboration. In the future, they will integrate industrial, channel, and operation and maintenance resources to form a nationwide embodied intelligence commercial operation ecosystem.

Yorkville Ives analyst Dan Ives reiterated his Outperform rating and $500 price target on Tesla, arguing autonomy, robotaxis and Optimus humanoid robots will increasingly drive the company's value. "We view Tesla as one of the clearest ways to own physical AI in the public markets," Ives wrote, adding that investors valuing Tesla primarily as an automaker are pricing a fleet rather than the platform being built on top of it. He calls Full Self-Driving the bridge between today's car business and tomorrow's autonomy business, with an attach rate above 55% on new North American EV sales, while Tesla's robotaxi service now operates in six US cities with paid miles approaching 2.5 million and a 5,000-vehicle Nevada permit gives it a path to a much larger fleet. Using a sum-of-the-parts valuation based on 2028 revenue estimates, Ives values Tesla's existing businesses at about $165 per share as a car company and assigns the remaining $335 to autonomy and Optimus, meaning roughly two-thirds of his price target rests on businesses still in their early stages. He flags risks including that only 45 Cybercabs are authorized for driverless operation in Texas, that Tesla expects about 2,500 vehicles in Nevada in year one, half of what the permit allows, and that NHTSA issued a Special Order on Cybercab's self-certification with Tesla's sworn response due September 30th.

Mint Incorporation Limited has changed its name to Axonex AI Group Limited, effective September 28, 2026, as part of an official rebranding tied to its strategic pivot into artificial intelligence and robotics. The company's Class A ordinary shares are expected to begin trading on the Nasdaq Capital Market under the new ticker symbol AXNX at the open of market trading on October 13, 2026, while the CUSIP number remains unchanged and the new corporate website is live at axonexai.com. The rebrand formalizes a transformation the group says has been underway over the past year, underscored by the launch of its wholly-owned subsidiary Axonex AI Limited and its majority owned subsidiary Rice Robotics AGI Holding Limited. Through those operations the company has introduced robot models and robotics solutions including the FLOKI Minibot M1 companion and home assistance robot, the NEX semi-humanoid service robot, and micro-insurance solutions purpose-built for commercial robots, and it says AI and robotics now account for an increasing share of revenue. Chairman and Chief Executive Officer Damian Chan said the new identity is a definitive statement of strategic intent and that the company is allocating resources, talent and investment to make AI and robotics its main growth engine. Axonex AI said it intends to explore new robot models and series, pursue partnerships and joint ventures to acquire technologies and enter new market segments, advance synergies such as embodied intelligence and humanoid robots, and increase investment in research and development, laboratory facilities, manufacturing and talent, while retaining its established interior design and fit-out works business.

Shanghai Daxiao Infinite Robotics Co., Ltd. recently underwent a business registration change, adding MetaX's wholly-owned subsidiary MetaX Shuzhi (Shanghai) Technology Co., Ltd., Geely Gongchuang No. 20 Investment (Tianjin) Partnership (Limited Partnership), and others as shareholders, while its registered capital increased to 182 million yuan. According to Qichacha APP, the company was established in July 2025, with a business scope including research and development of intelligent robots, sales of industrial robots, research and development of mechanical equipment, sales of mechanical equipment, and sales of service consumer robots.

Boston Dynamics, the humanoid robot maker owned by Hyundai Motor Group, has appointed former Amazon executive Rohit Prasad as chief executive officer, effective October 7. Prasad previously served as senior vice president and head scientist for Alexa and Artificial General Intelligence at Amazon, where he spent 12 years helping build Alexa and later led development of the Amazon Nova foundation model family. Boston Dynamics said Prasad will bring his experience in turning AI breakthroughs into commercial products as the company advances its Physical AI strategy and commercializes intelligent robotic systems. He succeeds Robert Playter, who stepped down as CEO in February. Hyundai Motor Group said in January it plans to produce 30,000 robots annually by 2028 and deploy humanoid robots across its manufacturing sites, beginning with Boston Dynamics' Atlas robots at its Georgia factory that year.

Virtuix Holdings Inc. announced that Founder, Chief Executive Officer, and Chairman Jan Goetgeluk will highlight the company's consumer growth and expanding defense sales at the 2026 Maxim Growth Summit, held October 13 and 14, 2026 at the Hard Rock Hotel New York. Omni One consumer orders have been running at approximately 3X the prior-year level following the company's June launch of Omni One for Quest in collaboration with Meta. Virtuix has also completed its U.S. Air Force AFWERX Phase I SBIR program, expanded its work in counter-UAS and military training, and sold Omni One systems to the U.S. Department of Veterans Affairs and the U.S. Navy's Morale, Welfare and Recreation Program. In enterprise and robotics, Tesla has placed repeat Omni One Enterprise orders for its Optimus program and Figure AI has also purchased an Omni One Enterprise system, while healthcare initiatives now include deployments and evaluation across the U.S. Department of Veterans Affairs, autism therapy for children, and rehabilitation applications. Goetgeluk said Virtuix is increasingly becoming much more than a consumer VR company, with the same full-body simulation platform gaining adoption across consumer entertainment, defense training, humanoid robotics, and healthcare.