(Yicai) June 12 -- Shares in Suzhou Veichi Electric climbed today after the Chinese industrial automation company said that it is linking arms with three partners, namely Shenzhen Kedali Industry, Zhejiang Yinlun Machinery and Kepler Robot, who may also become future customers, to establish a joint venture that will develop core components for humanoid robots.

Veichi Electric’s share price [SHA: 688698] closed up 3.2 percent at CNY47.40 (USD6.60). Kedali’s stock [SHE: 002850] climbed 0.2 percent to finish at CNY111.13 (USD15.50) while Yinlun’s shares [SHE: 002126] advanced 2.8 percent to end at CNY25.77.

Veichi Electric will hold a 47 percent stake in the JV together with its employee stock ownership platform, the three listed partners said yesterday. Kedali will own 30 percent equity, Yinlun will have a 20 percent stake, and Kepler Robot, which is not a public company, will hold 3 percent equity. Deng Xiong, product director at Veichi Electric, will serve as the director and general manager of the JV.

The newly established JV will focus on developing core components for embodied intelligent robots, specifically dexterous hands, which are mechanical hands installed on an android that can simulate human hand movements and perform delicate or complex tasks.

The investors said they believe that this tech has strong market potential and that by working together through a JV it will help boost the operational efficiency of all parties involved.

The announcement did not provide details about the future business operations of the JV, nor did it explain what each partner will contribute to the project.

Veichi Electric supplies its own in-house developed core components and complete motion actuator solutions, including ones for dexterous hands, to humanoid robot companies, according to its 2024 annual report.

Shanghai-based Kepler Robot is a humanoid robotics startup that is currently testing its Kepler K2 "Bumblebee" android across various industries. Kedali makes precision structural components, while Taizhou-based Yinlun supplies thermal management systems.

Editor: Kim Taylor