Fuling Precision: Plans to Invest 500 Million Yuan in Robot Intelligent Electric Joint Project

36Kr reports that Fuling Precision announced the company and its subsidiary, Sichuan Banqiao Intelligent Robotics Co., Ltd., have signed an investment agreement with the People's Government of Fu Cheng District, Mianyang City, to build a robot intelligent electric joint project. The planned total investment is 500 million yuan, implemented in two phases. Phase I will invest 250 million yuan to construct production lines for intelligent electric joints and core components, with an expected annual capacity of 2 million sets.