Frank Tobe at The Robot Report:
Chinese consumer manufacturer Midea, after having spent over $4 billion to acquire 94% of German robot maker Kuka, is planning to spend an additional $1.5 billion to turn itself into China’s preeminent robot powerhouse. (…)
Midea expects to ramp up production at the new facility from an initial 7,000 robots annually to 17,000 or more within 10 years.
