Daimay invests 100m yuan in new robotics subsidiary

Shanghai Daimay Automotive Interior Parts Co., Ltd. (Daimay) announced its plan to establish a wholly-owned subsidiary, Shanghai Daimay Robotics Technology Co., Ltd. (tentative name), with an investment of 100,000,000 yuan. This investment will be funded through Daimay's own capital, aiming to enhance the company's comprehensive competitiveness and support its long-term strategic development.

The new subsidiary, to be located in Shanghai's Pudong New Area, will focus on the research, development, manufacturing, and sales of intelligent robots, industrial robots, service robots, and related automation equipment. The registered capital for Shanghai Daimay Robotics Technology Co., Ltd. will be 100,000,000 yuan, with Daimay committing to contribute 100% of this capital in cash. Jiang Ming has been appointed legal representative and will serve as executive director of the new entity.

Daimay highlighted that the robotics-related businesses are currently in the initial technical development stage, posing risks of unsuccessful development or not meeting expectations. The robotics industry chain has not yet achieved large-scale economic benefits, and the subsidiary's establishment may face uncertainties from macroeconomic conditions, industry policies, market competition, and operational management. The company plans to strengthen risk prevention and improve management capabilities.