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Chinese robotics firms rally on government's humanoid robots industry guidance

EditorPollock Mondal
Published 11/03/2023, 03:53 AM
© Reuters.

Shares of several Chinese robotics companies, including Guangzhou Haozhi Industrial, Ningbo Zhongda Leader Intelligent Transmission, Shanghai Anlogic Infotech, Zhejiang Shuanghuan Driveline, Kinco Automation (Shanghai), and Shenzhen Inovance Technology, experienced a surge today following governmental guidance on the development of the humanoid robots industry. The sector is being touted as the next disruptive innovation product.

Analysts from Citic Securities have predicted that supportive government policies will follow this guidance, bolstering the industry's prospects.

Huafu Securities analysts highlighted the situation as a new technology competition high ground. This comes in light of a strategic plan from the Ministry of Industry and Information Technology that seeks to cultivate small and medium-sized companies into global industry leaders by 2025. Moreover, the plan aims to establish a reliable supply chain by 2027.

Other companies like Harbin Boshi Automation, Xiaomi (OTC:XIACF) and XPeng (NYSE:XPEV) are also expected to benefit from this governmental guidance due to their capability to develop humanoid robots. These firms align well with the government's goal of achieving global industry success, positioning them as potential leaders in this emerging field.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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