# ASD to invest 500 million yuan in industrial robot factory in Zhejiang

Zhejiang Aishida Electric Co (ASD) announced plans to invest at least 500 million yuan (US$71.4 million) to build an industrial robot factory in Wenling, Zhejiang Province, China. The factory will produce 20,000 industrial robots annually.

- Type: New facility
- Announced: 2019-09-16
- Where: Wenling, Zhejiang Province, China
- Value: $71.4M (500.0M CNY)
- Status: announced
- Capacity: 20,000 industrial robots annually
- Products: industrial robots
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Zhejiang Aishida Electric Co](https://endata.com/companies/42111.md)

## Sources

- [service.shanghai.gov.cn](http://service.shanghai.gov.cn/sheninfo/specialdetail.aspx?Id=11760583-b5b0-4aa8-8798-1b27474724bf), 2019-09-16: "ASD announced plans on Monday to invest at least 500 million yuan (US$71.4 million) building an industrial robot factory"

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