Sanhua Denies US$685 Million Optimus Order

Tesla supplier Sanhua Intelligent Controls has denied reports claiming that it received a substantial order worth 5 billion yuan (US$685) for Optimus linear actuators.

Several tech media outlets cited an unconfirmed report, which first surfaced on Chinese social media and later spread widely on X. The report claimed that Sanhua had secured orders for at least 180,000 Optimus linear actuators.

The company's stock rose by 10 percent in Shenzhen (002050) and nearly 13 percent in Hong Kong (2050) on Wednesday. Following the denial, its stock fell in both Shenzhen and Hong Kong in Thursday morning trade.

Sanhua issued a late-night statement refuting the report, stating that the company has no material information that warrants disclosure. The original report, published a week earlier on Eastmoney.com, has since been removed.

The Zhejiang-based company is recognized as the world's largest manufacturer of electrical components for refrigeration and air conditioning, as well as a key supplier of thermal components for the automotive industry. The company became a Tesla supplier in 2017.

In June, Sanhua went public on the Hong Kong Stock Exchange, raising HK$9.3 billion (approximately US$1.2 billion), with a commitment that 10 percent of the funds would be allocated for research in biorobotics and related fields.