Chinese robotics makers feast on government subsidies

Li Liuxi and Chen Na for Caixin Online:  Local governments pumped hundreds of millions of yuan into the robotics industry in the first half of the year, helping to boost profits by as much as 60 percent in those companies rushing to take advantage of the generosity.

With strong support from Beijing, China has embarked on a robot-building frenzy in the last two years in an effort to move beyond traditional manufacturing. But as often happens in industries targeted for development, poorly designed incentive programs often lead to abuse that results in millions of dollars in wasted funds.

Similar waste in China's electric-vehicle and renewable-energy sectors has led to the buildup of huge new capacity that is sometimes unusable or of such low quality that no market exists for the products.

In the case of robotics makers, Caixin found government funding made up a large portion of profits for a dozen manufactures listed in Shanghai, Shenzhen and Beijing in the first six months of this year.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

maxon motor’s - Exoskeleton Joint Actuator

maxon motor's - Exoskeleton Joint Actuator

A brushless DC motor solution for use in hip and knee exoskeletons. This complete joint actuation unit consists of motor, gearhead, encoder and position controller. Fitting absolute encoder directly at the joint rotation provides designers increased positioning accuracy. The unit will deliver 54Nm of continuous torque and 120Nm on a 20% duty cycle. The system can be operated on supplies between 10 and 50V DC and the actuation speed is up to 22rpm.