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Beijing Geekplus Expands with New Embodied Intelligence Subsidiary

Story Highlights
  • Beijing Geekplus has launched a new subsidiary focusing on embodied intelligence technologies.
  • The new subsidiary aims to enhance R&D and commercial application of robotics, supporting growth.
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Beijing Geekplus Expands with New Embodied Intelligence Subsidiary

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Beijing Geekplus Technology Co. Ltd. Class H ( (HK:2590) ) has shared an update.

Beijing Geekplus Technology Co., Ltd. has announced the establishment of a new subsidiary, Beijing Geekplus Embodied Intelligence Technology Co., Ltd., with a registered capital of RMB10 million. This subsidiary will focus on developing embodied intelligence technologies, such as AI-powered robotic arms and general-purpose robots, to enhance the company’s existing logistics robot business. The initiative is expected to accelerate research and development, promote the commercial application of new technologies, and create synergies with current operations, thereby supporting long-term growth and attracting talent.

More about Beijing Geekplus Technology Co. Ltd. Class H

Beijing Geekplus Technology Co., Ltd. operates in the robotics and automation industry, focusing primarily on warehouse fulfillment solutions using autonomous mobile robots (AMR). The company aims to enhance logistics and manufacturing processes through innovative technologies and has a strong market presence in business-to-business scenarios.

Average Trading Volume: 12,016,313

Current Market Cap: HK$23.24B

For a thorough assessment of 2590 stock, go to TipRanks’ Stock Analysis page.

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