ABB invests $150 million in robotics factory in Shanghai, China

ABB will invest $150 million to build a robotics factory in Shanghai, with production expected to begin by the end of 2020 and annual capacity of around 100,000 robots. The facility will be ABB's single largest robotics facility globally.

“ABB will invest US$150 million to build a robotics factory in Shanghai, as the Swiss manufacturer capitalises on China’s rising consumption and aspiration to transform into a technology pioneer.”scmp.com

• 11 sources
• scmp.comABB invests US$150 million in Shanghai factory to capitalise on China’s ambitions in robotics | South China Morning PostBloombergOct 27, 2018
• finance.yahoo.comABB to Invest $150 Million in Robotics Factory in ShanghaiBloomberg NewsOct 28, 2018
• eenewseurope.comABB to build $150m robot factory in China with a digital twin ...Nick FlahertyOct 29, 2018
• industryweek.comABB Invests $150 Million on New Robotics Factory in Shanghai | IndustryWeekBloombergOct 29, 2018
• designworldonline.comABB Robots Will Work at Shanghai’s "Factory of the Future" in 2020

Summarized from public sources; check the original articles before acting on it.