VEICHI, KDL, and Mirle Group Announce Joint Venture to Forge Ahead in Robotics

Suzhou Veichi Electric Co., Ltd (Stock Code: 688698.SH) has entered into a historic joint venture agreement with KDL Industries in Shenzhen and the Mirle Group in Shanghai to establish a new company focused on advancing the robotics industry.

The signing ceremony was attended by distinguished representatives from each company, including Hu Zhiyong, Chairman of Veichi Electric, Deng Xiong, Vice President of the same, Li Jianli, Chairman of KDL, and Li Jianju, Vice President of the same, and Lin Shidong, CEO of Mirle Group.

As leaders in their respective fields, Veichi Electric, KDL, and Mirle excel in core technologies for critical components such as harmonic reducers, integrated servo wheels, joint modules, special frameless torque motors, robot joints, controllers, and drives, all of which have cemented their leading edge in the industry.

The joint venture signifies a strategic move by the three companies to capitalize on the burgeoning AI era, where robotics is anticipated to become a pivotal driver of economic growth. With vast potential for increased production value, the market demand for robotic joint module products is expected to soar.

Upon the establishment of this new entity, the collaboration will leverage the collective wisdom and technical prowess each to focus on the development of robotic joint modules as the core business. By pooling various resources and grasping the market trends, the joint venture aims to create highly competitive products to seize market share swiftly, invigorating the robotics industry with fresh momentum.

Veichi Electric, taking this opportunity, reaffirms its commitment to cutting-edge robotics technology, expanding into diverse robotic application scenarios, enriching its product portfolio, and pursuing multifaceted growth. By joining hands with its partners, the company is poised to embrace the opportunities of the era and co-create a prosperous future.

Company Profile

About Veichi Electric

Established with a commitment to excellence in the electrical transmission and industrial control sectors, Veichi Electric has emerged as a leading high-tech enterprise specializing in the research, development, manufacturing, and sales of industrial automation products. With a robust global presence, the company boasts a research and development hub and production base in Suzhou, additional R&D facilities in Shenzhen and Xi'an, and a wholly-owned subsidiary in India, catering to a diverse clientele across the globe.

Veichi Electric's extensive product portfolio includes AC drives, Servo Systems, and control systems, which are widely utilized in various industries such as heavy industry, light industry, high-end equipment, robotics, and renewable energy, dedicated to offering scenario-based solutions that facilitate the digital and intelligent transformation of the manufacturing sector.

About KDL

KDL leads globally in precision structural components for new energy automotive power batteries, boasting a market share of over 30%. Recognized as one of the top 500 new energy enterprises worldwide and among the top 50 lithium industry enterprises in China, KDL has established thirteen subsidiaries across key lithium industry regions in China and three major production bases in Germany, Sweden, and Hungary, providing a global manufacturing presence to promptly meet the needs of its esteemed clientele.

About Mirle

Mirle Group, established in 1989 in Hsinchu Science Park, Taiwan, expanded its reach by establishing a Shanghai subsidiary, Mirle Automation Technology (Shanghai) Co., in July 1997. Since its inception, Mirle Group has been at the forefront of providing comprehensive technical solutions, employing top-tier professionals, and delivering impeccable pre-sales and after-sales services, successfully introduced automation systems for warehousing and logistics, robotics applications, monitoring, computer integration, and complete plant equipment to its customers. Leveraging long-standing research, expertise, market insights, and its broad range of automation machinery, equipment, and systems that have been developed, and Mirle Group is always proactively developing new products that cater to the evolving needs of its customers, driven by the industrial software and hardware upgrade.