Hagong Robot and Hyundai Heavy Industries form industrial robot joint venture in China

Hagong Intelligent Robot and Hyundai Heavy Industries signed a letter of intent to invest CNY200 million in a joint venture in China to produce and sell industrial robots. Hagong will hold 70% and Hyundai 30%.

“The pair has inked a letter of intent to invest a total of CNY200 million in the JV which will produce and sell industrial robots as well as provide after-sales services.”www2.yicaiglobal.com

• 2 sources
• www2.yicaiglobal.comChina's Hagong Robot Forms JV With Hyundai HeavyTang ShihuaSep 21, 2018
• yicaiglobal.comChina's Hagong Robot Forms JV With Hyundai HeavyTang ShihuaSep 21, 2018

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