Siasun, a leader in the rise of the robotics industry
On August 23, Ren Shunying, Chief Investment Officer of Xin Song Robot Investment Co., Ltd., was invited to participate in a high-level dialogue at the 2019 World Robot Conference, with six experts exploring the theme of "Cross-border integration and synergy of academia, industry, and capital to promote a new era of robotics" from various perspectives, with a variety of viewpoints.
Based on the industry positioning and booming development momentum of Xin Song Robot Investment Co., Ltd., China Daily reported on this. The translated report is as follows:
New Song, Leading the Rise of the Robot Industry
Ren Shunying, focusing on artificial intelligence and machine learning as key investment areas for Siasun Robot
At a furniture factory in Jiangsu Province, several robotic arms are busy moving wooden doors forward on a conveyor belt. The robots are equipped with 3D scanning and artificial intelligence technology to identify the contours of the doors. The AI identification and processing software can identify key parameters such as the position, angle, and shape of the door, and automatically generate the correct trajectory for the robotic arm to spray paint the door.
"Furniture, including doors, comes in a variety of sizes, designs, and low processing accuracy, making it more difficult to automate furniture factories than car factories, where one program can enable robots to spray paint tens of thousands of cars." said Ren Shunying, Chief Investment Officer of Xin Song Robot Investment Co., Ltd.
To address this challenge, Xin Song Robot Investment Co., Ltd. (hereinafter referred to as "Siasun Investment"), invested in a Beijing-based startup, Beijing Curve Intelligent Equipment Co., Ltd. (CurveRobot), using 3D laser scanning technology to enable robots to learn artificial intelligence.
Ren Shunying said that in order to better control the movement trajectory, the company uses highly flexible six-axis robots. Using robotic arms can increase work efficiency by 50%, and is more environmentally friendly than workers; the robotic arm paints wooden doors with higher precision.
Beijing Curve Intelligent Equipment Co., Ltd. (CurveRobot) is one of a series of invested companies incubated by Siasun Investment. As China's largest robot manufacturer by market capitalization, Siasun aims to leverage its years of experience in robot supply chain management, marketing, and operations to help more robots with upgrade potential flourish in China.
China needs funds to drive industrial upgrading and the development of the robotics industry. Ren Shunying said: "Siasun Investment is an industrial investor. We will give full play to Siasun Robot's leading position in the industry and provide invested companies with assistance in terms of brand, technology, capital, and industrial infrastructure. We will serve cooperating local governments and upstream and downstream robot companies to establish an ecosystem serving the development of intelligent industry."
Established in 2014, Siasun Investment is committed to cooperating with local governments to establish industrial robot parks and provide intelligent transformation and incubation services for local industrial traditional enterprises and startups. Currently, the company focuses on investing in sensing technologies in the field of industrial investment, including computer vision and radar technology, to help machines make decisions, such as algorithm or chip design technologies, while also investing in 3D printing, virtual reality, and service robots.
Since 2013, China has been the world's largest market for industrial robots for six consecutive years. Data from the Ministry of Industry and Information Technology shows that in 2018, China produced more than 148,000 industrial robots, accounting for 38% of global output, but output is currently declining. In June, about 13,700 industrial robots were produced, a year-on-year decrease of 11%.
Miao Wei, Minister of Industry and Information Technology, said at the World Robot Conference held in Beijing last month that global robot industry growth has slowed this year due to the complex international environment. However, as an important application of a new round of technological revolution and its integration with manufacturing, robots remain a key driver of high-quality development. In the future, with the expansion of application scenarios and rapid technological improvements, the industry will also achieve rapid development.
Ren Shunying said that as AI robots become more intelligent, the market for service robots will grow exponentially. Given China's growing elderly population, the future demand for companion robots and robots in related fields such as medical care will be huge. At the same time, Ren Shunying said that robots will also be more widely used in the field of non-standard products. Over the past 10 years, Chinese venture capital firms have invested heavily in consumer-oriented businesses. Now, the development of the enterprise market has created more favorable entry conditions and opportunities for Chinese venture capital. Investment by Chinese venture capital in robotics technologies, such as various sensors, can help incubate "small giants," which are leading companies in highly segmented industries with small global scales.
The market size of China's robot industry is expected to reach US$8.68 billion this year. In a report, the China Electronics Society predicts that the average annual growth rate from 2014 to 2019 will be close to 21%.
China Daily English report content and link:
https://enapp.chinadaily.com.cn/a/201909/09/AP5d75e1e8a310aba8ca8c4c26.html
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