Miracle Automation and Ubtech Robotics form joint venture for humanoid robots in auto manufacturing

Miracle Automation Engineering and Ubtech Robotics plan to form a joint venture with registered capital of CNY 100 million to develop humanoid robots and parts for auto manufacturing. Ubtech will own 87% of the new firm.

“The first sample robot is expected to be delivered before the end of the year.”yicaiglobal.com

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