The city, however, has been trying to change the stereotype as a producer of only low-end products. In recent years, it is pivoting to advanced manufacturing, with robotics as one of the future economic pillars.
As he sees it, Leju plans to monetize KUAVO in three steps. In the first phase, it looks to sell in small batches mainly to corporate-oriented clients in research and education.
Mass deliveries are expected beginning next year, as the company continues to improve technologies, slash costs and ramp up production.
Currently, domestic companies that have introduced humanoid robots are more or less on the same footing technologically, with mass adoption a long way off, the veteran engineer claimed.
Since 2014, the increase of patent applications from China notably picked up, with college researchers from Tsinghua University, Zhejiang University and Beijing Institute of Technology and companies like UBTech leading the pack.
The company, which is pursuing a listing on the Hong Kong Stock Exchange, said it sinks over 50% of its annual revenue into R&D efforts.
According to their joint statement, the startup will churn out humanoid robots to cater to industrial applications, beginning with automaking.
Mass production has been a prized target that many companies working on their humanoid models are trying to arrive at -- and the sooner the better.
Humanoid robot is all the rage in China after Tesla and a few industrial pioneers introduced their own models since last year.
To deploy the contraption to more scenarios, XPeng's engineers designed it in a way that allows it to grip a pen, pour water, remove paper tissue from a box, pass a ball into another hand and shake hands with a human.
In this monthly column called “The deal tracker,” we look at major funding events that took place in China’s robotic sector the previous month and rank them in a chronological order.
During the past two months since its debut, the company's engineers worked tirelessly on iterations to the humanoid.
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