Unitree, CNPC plan joint venture for industrial embodied intelligence

According to recent public notices from the Beijing Administration for Market Regulation, Kunlun Manufacturing (a subsidiary of China National Petroleum Corporation) and its affiliate Kunlun Capital intend to establish a new joint venture with Unitree Robotics and Panjie Intelligence. The new entity will focus on industrial embodied AI robot solutions, specifically targeting oil and gas inspection, emergency response, and energy station applications. Following the transaction, Kunlun Manufacturing and affiliates will hold 60% of the shares, while Unitree and Panjie will each hold 20%. This partnership marks a shift from capital linkage to operational collaboration, combining the energy sector's scenarios with robotics hardware and AI models.