Beijing BOE Robot, a new subsidiary of the Chinese display manufacturing giant BOE, was launched with a registered capital of 200 million yuan (approximately US$28 million). This new venture aims to develop industrial robots and AI software, marking BOE’s entry into the burgeoning field of robotics. Following this announcement, BOE’s shares in Shenzhen saw a slight increase, closing at 4.12 yuan. This move underscores China’s dominant position as the world’s largest market for industrial robots, as highlighted by a recent report from the International Federation of Robotics. The report noted that China was responsible for 54% of global industrial robot deployments in 2024, with 295,000 units installed last year—a record-breaking figure. Notably, domestic companies surpassed foreign suppliers in sales within China for the first time.
Is BOE venturing into robotics and AI software?
