Home / Business and Economy / China's Robot Race: AiMOGA Robotics Eyes IPO
China's Robot Race: AiMOGA Robotics Eyes IPO
19 Aug
Summary
- Chery's robotics unit, AiMOGA, plans an IPO to fund growth.
- Company aims to deliver 10,000 robots globally next year.
- Humanoid police robots are being deployed in Chinese cities.
Chery Automobile's robotics division, AiMOGA, is actively preparing for an initial public offering (IPO) to secure funding for technological advancements and strategic investments. This move comes as the humanoid robot sector in China experiences rapid growth and heightened competition.
AiMOGA aims to significantly increase its humanoid robot deliveries to 10,000 units globally by next year, with aspirations to join the ranks of leading international robotics firms. The company has already delivered over 3,000 robots worldwide, with a substantial portion destined for overseas markets.
Earlier this year, AiMOGA unveiled humanoid police robots, with 110 units deployed in multiple Chinese cities for traffic management and public safety. This application was identified due to the challenging conditions faced by human traffic police.
The company's expansion strategy includes a growing international presence, with service and companion robots leading its overseas market entry. While ambitious, AiMOGA acknowledges that expanding into markets like the U.S. will necessitate adaptation to diverse local regulations and consumer needs.
