Changhong, ABB Team Up on Industrial Robotics
Yicai Global
/SOURCE : Yicai
Changhong, ABB Team Up on Industrial Robotics

(Yicai Global) Aug. 17 -- Chinese household appliance manufacturer Sichuan Changhong Electric Holding Group Co. [SHA:600839] is to team up with Swedish-Swiss engineering corporation ABB Ltd. to expand into industrial robotics and automated technology.

The two companies will set up a joint lab to study robotic applications, work together to develop the Chinese market for industrial robotics and form a partnership in the home appliance and other emerging sectors. No further details about the co-operation have yet been released.

This follows the recent announcement by rival domestic electric goods maker Midea Group Co. that it is to acquire a 94.55 percent stake in German industrial robot maker Kuka Robotics Corp.

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