China’s Ministry of Industry and Information Technology Sets Ambitious Course for Robot Development

China’s MIIT unveils ambitious plan for robot dev. Beijing joins with proactive policies. Humanoid robots, next frontier. More players enter the market, hinting big strides.

China’s Ministry of Industry and Information Technology (MIIT) has unveiled its strategic plan to bolster innovation in the country. The announcement was made during the recently held World Robotics Conference in Beijing on August 2.

Wang Hong, Deputy Director of MIIT’s Equipment Industry Division, unveiled a comprehensive approach to promote robust growth in the robotics industry by implementing the concept of “Robotics+” and advancing chain development.

Beijing Joins the Momentum with Proactive Policies

Not to be outdone, the Beijing Municipal Commission of Economy and Information Technology is all set to announce its own array of policies designed to spur innovation in the robotics industry.

With the upcoming announcement at the World Robotics Conference, Su Guobin, Deputy Director of the commission, assures that these policies will provide targeted support to foster the industry’s growth and development.

Humanoid Robots: The Next Frontier of Robotics

Analysts from Guotai Junan Securities have singled out humanoid robots as the next promising frontier in the industry. The significant advancements were propelled by the influence of AI. They firmly believe that the epitome of artificial intelligence lies in “Embodied Intelligence,” a realm materialising through humanoid robots.

Domestic Manufacturers Eye Opportunities in Humanoid Robot Commercialisation

While the commercialisation of humanoid robots is still in its early stages, industry players like Tesla have already made strides in this area. Notably, Huaxi Securities predicts that as commercialization progresses, the demand for cost-effective humanoid robots will surge. This surge will create opportunities for domestic manufacturers armed with competitive hardware advantages.

Samsung Forays into the Robot Market with Strategic Intent

Samsung Electronics is gearing up to enter the robot market. Led by the planning team of the Device Experience (DX) division, this strategic initiative aims to challenge AI-driven humanoid robot sectors currently being developed by industry giants like Tesla, Google, and Microsoft.

Companies Positioned for Growth in Specific Robotics Segments

Amidst these developments, several companies stand to reap the rewards in specific segments of the robotics industry. Green Harmonic and Chinabase Transmission are poised in the gearbox sector, while Mingzhi Electric, Jiangsu Rayleigh, and Buoke Corporation hold strong in the micro-motor segment.

Hengli Hydraulic and Qinchuan Machine Tool excel in the screw rod category, and Huichuan Technology, Lasea Intelligent, and Hechuan Technology thrive in the servo field.

Anticipation for the World Robotics Conference Outcomes

China’s unwavering commitment to fostering high-quality growth in the robotics industry and Samsung’s strategic steps toward entry signal a promising future for global robotics.

With concerted efforts from the government, municipal authorities, domestic manufacturers, and overseas giants, the stage is set to accelerate robotics’ growth. We can expect new doors to unparalleled technological advancement and innovation.

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China’s MIIT unveils ambitious plan for robot dev. Beijing joins with proactive policies. Humanoid robots, next frontier. More players enter the market, hinting big strides.

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