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 6 experts Experts explored the theme of "Cross-border integration and synergy of academia, industry, and capital to promote a new era of robotics" from various perspectives, offering diverse viewpoints. Observations were plentiful.
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 Xin Song Robotics
At a furniture factory in Jiangsu Province, several robotic arms are busy moving wooden doors along 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 various sizes, designs, and low processing precision, making automation in furniture factories more difficult than in automobile 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 "Xin Song Investment") invested in a Beijing-based startup, Beijing Curve Intelligent Equipment Co., Ltd. (CurveRobot), which uses 3D laser scanning technology to enable robots to learn AI.
Ren Shunying stated that 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 Xin Song Investment. As China's largest robot manufacturer by market capitalization, Xin Song 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: "Xin Song Investment is an industrial investor. We will fully leverage Xin Song Robot's leading position in the industry to provide invested companies with assistance in branding, 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, Xin Song Investment is committed to cooperating with local governments to establish industrial robot parks, providing intelligent transformation and incubation services for local traditional industrial 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 over 148,000 industrial robots, accounting for 38% of global output, but production is currently declining. In June, about 13,700 industrial robots were produced, a year-on-year decrease of 11%.
Minister Miao Wei of the Ministry of Industry and Information Technology stated 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 the 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 stated that as AI robots become increasingly 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 healthcare will be enormous. At the same time, Ren Shunying stated that robots will also be more widely used in the non-standard product sector. Over the past 10 years, Chinese venture capital firms have invested heavily in consumer-oriented businesses. Now, the development of the enterprise market provides 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 globally.
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
China Daily is the only English-language newspaper directly under the State Council Information Office. Founded in 1981, it has a global circulation of over 900,000 copies. China Daily is the preferred Chinese English-language media for high-end individuals at home and abroad. It is the only Chinese newspaper that effectively reaches Western mainstream society and has the highest reprint rate among foreign media. It is the media that undertakes the most large-scale international conferences in China and is praised by global readers as the most authoritative and credible English-language media in China. It is an important window for China to understand the world and for the world to understand China.
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