# CNPC and Unitree plan joint venture for industrial robots

CNPC Kunlun Manufacturing, Kunlun Capital, Unitree Robotics and Beijing Fanjie Intelligent Technology plan to establish a joint venture for industrial embodied-AI robot solutions. The CNPC side will hold 60%, with Unitree and Fanjie each holding 20%.

- Type: Partnership
- Announced: 2026-11-04
- Where: Beijing, China
- Status: announced
- Products: industrial embodied-AI robot solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Beijing Fanjie Intelligent Technology Co., Ltd.](https://endata.com/companies/15001.md) (partner)
- [CNPC Kunlun Manufacturing](https://endata.com/companies/15022.md) (partner)
- [Kunlun Capital](https://endata.com/companies/15023.md) (partner)
- [Unitree Robotics](https://endata.com/companies/15698.md) (partner)

## Sources

- [nvdium.com](https://nvdium.com/en/articles/699376405), 2026-11-04: "After the transaction, Kunlun Manufacturing and its concert parties will hold 60%, with Unitree and Fanjie at 20% each; the three parties will jointly control the venture."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.