Unitree is building cheap, capable humanoid and quadruped robots, dominating the research/hobbyist market with 67% gross margins at $27k pre‑tax. They aggressively price, iterate rapidly, and leverage China's Shenzhen supply chain ecosystem (similar to DJI and BYD) to create a durable economies‑of‑scale moat. As robotics demand explodes, Unitree is positioned to lead the global humanoid market and deliver strong business performance.