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Kondi Technology: Establishes a joint venture company; products related to the North American quadruped robot security project are expected to start delivery within the year.
On March 17, People’s Financial News reported that on March 17, Kandi Technologies announced the establishment of a joint venture, KH Robotics, in collaboration with HawkRobo Systems LLC. Kandi holds a 70% stake, and Zhang Weimin, a former core management team member of Hikvision (002415) in North America, has been appointed as CEO. The joint venture will focus on logistics parks as its first key deployment scenario, creating quadrupedal robotic security solutions aimed at the North American market. Relevant mature products are expected to begin commercial delivery within the year.