Robotics

An ex-Hyundai Motor executive has been hired to head the new unit

This values the firm at around US$675 million, according to people familiar with the matter

The rapid rise of robots has stoked job security concerns around the world

The country has captured incremental market share of 50% globally in industrial robot-related segments

Its listing will force investors to make distinctions between robotics companies’ propositions more carefully

The country has been making and installing factory robots at a pace unmatched by any other country

The EV maker has set a goal of starting mass production of Iron robots by the end of 2026

The deep pipeline mirrors the fast rise of the country’s artificial intelligence ecosystem, where an array of listings has whipped up a frenzy recently

It hopes to connect Chinese manufacturers with the city-state’s various application scenarios