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(Yicai Global) June 16 -- Aolian AE & EA’s shares surged after the Chinese maker of auto parts and components announced it is stepping into the market for service robots after accepting a large order for smart robots.
Aolian [SHE: 300585] closed up 13.5 percent at CNY15.43 (USD2.30) today, after earlier surging as much as 18.1 percent.
In the next three years, Aolian will produce 100,000 smart robots for Robint Technology, a service robotics startup, the Nanjing-based company said in a statement late yesterday, without disclosing any financial details.
Of them, 40,000 will be delivery robots, 40,000 medical sanitizers, and 20,000 receptionists, the company said, adding that it will also provide warehousing and logistics for Robint.
Aolian will embark on the partnership as the original equipment manufacturer of parts and components, with the scope gradually expanding to product testing and sales, it noted.
The tie-up will give full play to Robint’s advantages in the research and development of smart robotics technology and Aolian’s experience in mass production, supply-chain advantages, and the sales channels it built up during years of making electronic car components, Aolian said.
The pair will also jointly build the base for the production, testing, warehousing, and distribution of the smart robots, with a view to increasing annual production to 1 million units in the future, according to the deal they recently signed.
Founded in December 2018, Robint is a tech startup focusing on the R&D of technologies regarding artificial intelligence and robotics, and corresponding designs, production, and sales. The service robots it develops are mainly used in hotels, hospitals, restaurants, banks, supermarkets, and transport hubs, according to its official website.
Editor: Futura Costaglione