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...
Records 1 to 1 of 1
Featured Product
Boston Dynamics Webinar - Why Humanoids Are the Future of Manufacturing
Join us November 18th for this Webinar as we reflect on what we've learned by observing factory floors, and why we've grown convinced that chasing generalization in manipulation—both in hardware and behavior—isn't just interesting, but necessary. We'll discuss AI research threads we're exploring at Boston Dynamics to push this mission forward, and highlight opportunities our field should collectively invest more in to turn the humanoid vision, and the reinvention of manufacturing, into a practical, economically viable product.
Robotics and Automation - Featured Company
e-con Systems
e-con Systems® develops complete embedded vision solutions—including OEM cameras and edge AI compute platforms. With 20+ years of experience and expertise in embedded vision, it focuses on delivering vision and camera solutions to industries such as Robotics, Mobility, Medical and Life Science, Agriculture, Intelligent Transport Systems, Sports Analytics and more. e-con Systems' wide portfolio of products includes MIPI camera modules, GMSL cameras, USB 3.2 cameras, Depth cameras, GigE cameras, HDR cameras, low light cameras, and more. Our cameras are currently embedded in over 350+ customer products, and we have shipped over 2 million cameras to the United States, Europe, Japan, South Korea, and many other countries.
