CNPC Kunlun Manufacturing, Unitree Robotics Plan Joint Venture for Industrial Robots, Kunlun to Hold 60% Stake

According to ChainCatcher citing Beijing regulatory filings, China National Petroleum Corporation's Kunlun Manufacturing and Unitree Robotics planned to jointly establish a venture with Beijing Fanjie Intelligent Technology to develop industrial robotics solutions, with the regulatory review period running through November 13. Upon completion, Kunlun Manufacturing will hold 60% equity, while Unitree Robotics and Fanjie Intelligent will each hold 20%. The joint venture will focus on robotic inspection and emergency response solutions for oil and gas, refining, and energy charging stations.
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