PetroChina Kunlun Manufacturing, Unitree and Fanjie Intelligence plan industrial embodied AI robot joint venture

PetroChina Group's Kunlun Manufacturing and Kunlun Capital signed an agreement with Unitree Robotics and Beijing Fanjie Intelligence to establish a joint venture focused on industrial embodied AI robot solutions. The PetroChina side will hold a combined 60% stake, while Unitree and Fanjie Intelligence will each hold 20%. The public notice period runs until November 13.