PetroChina and Unitree Robotics among parties to establish new joint venture, focusing on industrial embodied intelligent robot solutions

On November 4, the Beijing Municipal Market Supervision Administration published a notice: CNPC Kunlun Manufacturing and Kunlun Capital plan to jointly establish a new joint venture with Unitree Robotics and Beijing Fanjie Intelligent Technology, focusing on industrial embodied intelligent robot solutions. The CNPC side will hold a combined 60% stake, while Unitree and Fanjie will each hold 20%.