Saimo Technology plans to establish a joint venture named Luoyang Saimo Technology Innovation Co., Ltd. to accelerate the transformation and upgrading of traditional manufacturing
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Saimo Technology, together with Luoyang Science and Technology Innovation Group and Aviation Investment Fund, has jointly invested to establish Luoyang Saimo Science and Technology Co., Ltd., with a registered capital of 50 million yuan. Saimo Technology contributed 25 million yuan, accounting for 50%. The joint venture will focus on the research and development of industrial automation products and technical cooperation, aiming to accelerate the transformation and upgrading of traditional manufacturing and enhance the company's core competitiveness in the field of intelligent manufacturing
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