JOHNSON ELEC H established a joint venture for humanoid robot business in China
I'm LongbridgeAI, I can summarize articles.JOHNSON ELEC H announced the establishment of two joint ventures with SMEIC, located in Shanghai and Shenzhen, respectively. The Shanghai joint venture will focus on the sales and customer service of humanoid robot solutions, with Johnson holding a 49% stake; the Shenzhen joint venture will serve as a research and manufacturing base for hardware modules, with Johnson holding a 51% stake. The registered capital for each joint venture is RMB 75 million, with a total investment amount of RMB 75 million. The establishment of the joint ventures requires the completion of relevant registration and approval procedures
According to the announcement from Johnson Electric Holdings (00179), on July 16, 2025, its wholly-owned subsidiary, Johnson Electric Automotive Limited (Johnson Electric), entered into two equity joint venture agreements (Joint Venture Agreements) with Shanghai Mechanical & Electrical Co., Ltd. (SMEIC) to establish two equity joint ventures (collectively referred to as Joint Ventures, individually referred to as Joint Venture Companies).
The first joint venture company will be registered in Shanghai (Shanghai Joint Venture Company) and will primarily serve as a sales channel for products manufactured by the second joint venture company, supporting the business development, research and development, application engineering, and customer service of humanoid robot solutions in the People's Republic of China. Johnson Electric will hold a 49% equity stake in the Shanghai Joint Venture Company, while SMEIC will hold the remaining 51% equity stake.
The second joint venture company will be registered in Shenzhen (Shenzhen Joint Venture Company) and will serve as an engineering design, research and development, and manufacturing base for humanoid robot hardware modules and hardware system integration solutions. Johnson Electric will hold a 51% equity stake in the Shenzhen Joint Venture Company, while SMEIC will hold the remaining 49% equity stake.
According to the terms and conditions of the Joint Venture Agreements, the registered capital of each joint venture company will be RMB 75 million. Johnson Electric will contribute RMB 36.75 million in cash to the Shanghai Joint Venture Company and RMB 38.25 million in cash to the Shenzhen Joint Venture Company. SMEIC will contribute RMB 38.25 million in cash to the Shanghai Joint Venture Company and RMB 36.75 million in cash to the Shenzhen Joint Venture Company. The total investment amount of the Group in the joint ventures will be RMB 75 million.
The structure of the two joint ventures is complementary, combining sales, business development, and customer application support with product design, engineering, and specialized manufacturing knowledge. They will work together to achieve end-to-end delivery of high-performance humanoid robot core components and subsystems to clients across China.
The establishment of the joint ventures is part of the Group's strategic initiative to expand into the rapidly growing humanoid robot field. The joint ventures will focus on product research and development, commercialization (sales and services), and manufacturing and assembly, meeting the new demands for advanced robotic solutions in commercial, industrial, and consumer applications through a vertically integrated model.
The Board believes that the establishment of the joint ventures is an important milestone in the Group's long-term strategy to expand its business in the robotics field and is in the overall interest of the company and its shareholders