UBTECH Robotics Strikes Deal to Control Manufacturer Fenglong Electric in Supply Chain Push
UBTECH Robotics has agreed to acquire a controlling stake in Shenzhen-listed Zhejiang Fenglong Electric for a total consideration of RMB 1.665 billion (US$229 million). The strategic move underscores the humanoid robot maker’s aggressive push to vertically integrate its supply chain and bolster massive manufacturing capabilities just