(Yicai) Feb. 12 -- Shares of Zhongding Sealing Parts surged by their daily trading limit after the Chinese automotive parts manufacturer said it plans to link arms with peer XCC Group to develop humanoid robot component assembly products.

Zhongding Sealing [SHE: 000887] closed 10 percent higher at CNY17.28 (USD2.36) a share in Shenzhen today. The stock of XCC [SHA: 603667] ended up 4.4 percent at CNY44.89 in Shanghai.

Zhongding Sealing and XCC will fully leverage their respective technological advantages to collaborate in developing the parts, the two companies announced separately late yesterday. The pair have also agreed to prioritize each other as core component suppliers for the products, they added.

In addition, the pair plan to jointly develop research and development, manufacturing process, and quality standards for humanoid robot products, they noted, without disclosing further details, including development plans for their android component businesses, the main applications of the products, and key target customers.

Ningguo-based Zhongding Sealing makes auto cooling, sealing, and intelligent chassis systems. It invested CNY12.9 million (USD1.8 million) to buy manufacturing equipment for robot reducers late last month after setting up a robotics subsidiary last December, marking its entry into the robot components sector.

XCC manufactures high-end bearings and precision components. The Shaoxing-based firm has successfully developed a full range of bearing products for robotics applications, counting NGC Group, Newstart Planetary Gear Boxes, Zhongda Leader Intelligent Transmission, Jiya Precision Machinery Technology, and Laifual Drive among its robot reducer clients.

Editor: Martin Kadiev