110 days ago • Posted by William Ramstein

Four dominant firms rally as industrial robot demand roars in China

Japan’s Fanuc and Europe’s ABB control nearly three-quarters of China’s industrial-robot market. Hopes in China that the government will push more for local content in the robotics and automation supply chain is up. Stocks of Chinese automation firms have jumped. Shares in Shenzhen Inovance Technology, have tripled since the beginning of 2020. Industrial robot maker Estun Automation’s shares have also rallied. Source: WSJ