Johnson Electric Holdings Ltd. has announced a potential new partnership through the formation of two joint ventures with a PRC industrial company. The collaboration aims to enhance business development and engineering capabilities within the People's Republic of China. The first joint venture will focus on sales, business development, application engineering, and customer service, while the second will concentrate on engineering design, development, and manufacturing of humanoid robot hardware modules and system integration subsystems. Both parties are expected to invest approximately RMB 75 million each. However, as negotiations are ongoing, the execution of these joint ventures is not guaranteed.
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