Loading…
JEA Limited, a subsidiary of Johnson Electric, signed agreements with Shanghai Mechanical & Electrical Industry Co. Ltd. to form two equity joint ventures. The Shanghai JV will focus on sales and R&D for humanoid robotic solutions, and the Shenzhen JV will manufacture humanoid robot hardware modules. Total investment is RMB 75 million (approx. USD 10.5 million).
“The two Joint Ventures are structured to complement one another - combining sales, business development and customer application support with product design, engineering, and manufacturing expertise.”finnhub.io
Summarized from public sources; check the original articles before acting on it.