Shanghai Electric Automation and FANUC Robotics Establish Shangfa Technology with RMB 200 Million
Shangfa Technology (Shanghai) Co. , Ltd. has been recently established, with Qian Hui as legal representative and a registered capital of RMB 200 million. The company's business scope includes research and development of intelligent robots, manufacturing of industrial robots, installation and maintenance of industrial robots, and development of basic artificial intelligence software. According to its shareholding structure, the company is jointly held by Shanghai Electric Automation Group Co. and Shanghai FANUC Robotics Co. , among others. Shanghai Electric Automation Group is a wholly-owned subsidiary of Shanghai Electric.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is positive for Robotics, with intensity 40/100 and 60% confidence over a short term horizon.
Robotics
- Direction
- positive
- Intensity
- 40
- Confidence
- 60%
- Horizon
- Short term
Artificial Intelligence
- Direction
- positive
- Intensity
- 30
- Confidence
- 50%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.