Sumitomo and JGC have recently formed a partnership to develop floating wind projects, aiming to capitalize on the growing demand for renewable energy. This collaboration will combine Sumitomo’s financial strength with JGC’s expertise in construction and engineering, promising to bring innovative solutions to the offshore wind industry. By leveraging their respective strengths, both companies are poised to make significant advancements in the renewable energy sector.
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Former Huawei ‘Genius Youth’ recruit says new venture can now mass produce humanoid robots
Shanghai-based start-up Agibot, founded by former Huawei recruit Peng Zhihui, has begun mass production of its AI-powered humanoid robots, producing 962 units by December 15. Peng, known for viral inventions like an Iron Man-inspired robotic arm, left Huawei in 2022 to start Agibot, which is backed by investors like Hillhouse Investment and BYD. The move by Agibot intensifies competition in China's robotics industry, with local governments supporting the sector's growth. Full Article
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