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Unitree Robotics surges 629% to $62 bln valuation in Shanghai share debut_我的网站

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Tanzanian President Samia Suluhu Hassan addresses the inauguration ceremony of the Julius Nyerere Hydropower Plant in Coast Region, Tanzania, Aug. 22, 2026. Hassan on Saturday inaugurated the 2,115-megawatt Julius Nyerere Hydropower Plant, a landmark project expected to strengthen electricity supply and accelerate industrial and economic development. (Xinhua/Emmanuel Herman) Tanzanian President Samia Suluhu Hassan on Saturday inaugurated the 2,115-megawatt Julius Nyerere Hydropower Plant, a landmark project expected to strengthen electricity supply and accelerate industrial and economic development.
Hassan inaugurated the plant in Rufiji District in Coast Region, saying the new generation capacity should produce measurable gains in manufacturing, trade, mining, modern agriculture, public services, investment and employment.
The nine-unit facility now accounts for nearly half of electricity dispatched to Tanzania's national grid, significantly improving reliability and security of supply, she said.
"This project has demonstrated Tanzania's capabilities. We must now harness that capacity to advance other strategic projects and build a strong, self-reliant nation," Hassan said.
Built with the participation of China's Power Construction Corporation of China (PowerChina) and Dongfang Electric Corporation, the plant has a total installed capacity of 2,115 megawatts, Zhang Rui, the project manager with PowerChina, said.
PowerChina undertook the construction of the main works, including the main dam, the stilling basin, the water conveyance system, the diversion tunnels and the metal structures, as well as the overall engineering design and the supporting facilities, Zhang said.
Tan Jin, the project manager with Dongfang Electric, noted that they supplied all nine hydro-turbine generator units, main inlet valves and other complete sets of electromechanical equipment, and carried out their installation, commissioning and trial operation.
During construction, the China-involved construction work created about 14,000 jobs for local residents. Thousands of Tanzanians received professional skills training from Chinese engineers in areas such as welding, steel fixing, carpentry, heavy machinery operation and surveying, helping build a stronger local workforce, according to the two managers.
The project is also expected to improve electricity supply for households and public services, strengthen Tanzania's role in the regional energy market in East Africa, and provide reliable energy support for regional connectivity and socioeconomic development, said Humphrey Moshi, an economics professor at the University of Dar es Salaam in Tanzania.
An aerial drone photo taken on Aug. 21, 2026 shows a view of the Julius Nyerere Hydropower Plant in Coast Region, Tanzania. Tanzanian President Samia Suluhu Hassan on Saturday inaugurated the 2,115-megawatt Julius Nyerere Hydropower Plant, a landmark project expected to strengthen electricity supply and accelerate industrial and economic development. (Xinhua/Emmanuel Herman)

An aerial drone photo taken on Aug. 21, 2026 shows a view of the Julius Nyerere Hydropower Plant in Coast Region, Tanzania. Tanzanian President Samia Suluhu Hassan on Saturday inaugurated the 2,115-megawatt Julius Nyerere Hydropower Plant, a landmark project expected to strengthen electricity supply and accelerate industrial and economic development. (Xinhua/Emmanuel Herman) Local people wave flags to celebrate the inauguration of the Julius Nyerere Hydropower Plant in Coast Region, Tanzania, Aug. 22, 2026. Tanzanian President Samia Suluhu Hassan on Saturday inaugurated the 2,115-megawatt Julius Nyerere Hydropower Plant, a landmark project expected to strengthen electricity supply and accelerate industrial and economic development. (Xinhua/Emmanuel Herman)

Local people wave flags to celebrate the inauguration of the Julius Nyerere Hydropower Plant in Coast Region, Tanzania, Aug. 22, 2026. Tanzanian President Samia Suluhu Hassan on Saturday inaugurated the 2,115-megawatt Julius Nyerere Hydropower Plant, a landmark project expected to strengthen electricity supply and accelerate industrial and economic development. (Xinhua/Emmanuel Herman)
。 (ECNS) -- Chinese humanoid robot maker Unitree Robotics surged 629.44 percent to open at 1,100 yuan (about 161.99 U.S. dollars) per share in its Shanghai STAR Market debut Wednesday. The opening gave the company a market capitalization of nearly 445 billion yuan ($62 billion), more than seven times its valuation at the IPO price. The shares were priced at 150.8 yuan in the IPO. At the opening price, a 500-share IPO allotment represented a paper gain of about 474,600 yuan. Unitree develops high-performance legged and humanoid robots for consumer and industrial use, as well as dexterous robotic arms. It was the world’s first company to publicly sell high-performance quadruped robots and among the earliest to bring them into industrial applications. (By Intern Yang Hongran, Zhang Dongfang)