The alliance, led by Siasun Robot & Automation Co, the country’s largest robot maker by market value, plans to triple its annual output of industrial robots to 100,000 in five years. The International Federation of Robotics estimates that as rising labor costs push more enterprises to embrace automation, China will account for more than one-third of the industrial robots installed worldwide in 2018.
CAS news release, June 17, 2016
10 Top Chinese robot manufacturers form alliance