Siasun Technology, Panjie Intelligent, and CNPC Kunlun Manufacturing Plan to Establish Joint Venture for Industrial Embodied AI Robot Solutions
宇树与中石油昆仑制造等拟新设合营企业，从事工业具身智能机器人解决方案业务
Public records from Beijing's Market Supervision Administration indicate that CNPC Kunlun Manufacturing, along with its affiliate Kunlun Capital, plans to form a joint venture with Siasun Technology and Panjie Intelligent. The proposed entity will focus on industrial embodied AI robot solutions. Following the transaction, Kunlun Manufacturing would hold 60% of shares, while Siasun and Panjie would each hold 20%. CNPC previously invested in Siasun's STAR Market IPO and has a strategic cooperation memorandum focused on robotics applications in oil and gas scenarios.
Source: IT Home — Robotics · Read original article ↗
Article text · Machine translation into English
IT Home November 6 news, information disclosed by the Beijing Municipal Administration for Market Regulation shows that China Petroleum Kunlun Manufacturing Co., Ltd. (“Kunlun Manufacturing”) and its concerted actor Kunlun Capital intend to sign an agreement with Unitree Robotics Co., Ltd. (“Unitree Robotics”) and Beijing Fanjie Intelligence Technology Co., Ltd. (“Fanjie Intelligence”) to jointly establish a new joint venture.
Currently, the simplified cases of relevant operators have entered the public notice period, and the public notice period is from November 4, 2026 to November 13, 2026.
The public notice information shows, The joint venture enterprise intends to engage in industrial embodied intelligent robot solution business. After the transaction, Kunlun Manufacturing and its persons acting in concert will hold 60% of the shares of the joint venture enterprise, and Unitree Technology and Fanjie Intelligence will each hold 20% of the shares of the joint venture enterprise. Kunlun Manufacturing, Unitree Technology, and Fanjie Intelligence will jointly control the joint venture enterprise.
IT Home Note: Kunlun Manufacturing was registered and established on October 20, 2023, in the Xiong'an New Area of Hebei Province, primarily engaged in energy equipment manufacturing business. The ultimate controlling person of Kunlun Manufacturing is China National Petroleum Corporation, which is primarily engaged in oil and gas business, engineering and technical services, petroleum engineering construction and other businesses.
In the strategic placement of Unitree's STAR Market IPO prior to this, Kunlun Capital under China Petroleum had already entered as an important investor, accounting for 2.23% of the number of shares in that public offering. Both parties have signed a “Strategic Cooperation Memorandum,” clarifying cooperation around robot applications in oil and gas scenarios.
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Source：IT Home — Robotics · ithome.com