Jinbei Auto and X Square Robot Form Joint Venture for AI Development
Jinzhi X Square Robot (Shenyang) Co., Ltd. has been established with a registered capital of 15 million yuan to focus on intelligent robotics and AI solutions. This joint venture is a collaboration between Jinbei Auto and X Square Robo, reflecting a strategic push into the AI sector amid increasing investment activity in robotics.
Theia Market Signal Identification - AI Assisted
Jinzhi X Square Robot (Shenyang) Co., Ltd. has launched with a registered capital of 15 million yuan, aimed at the R&D and sales of intelligent robots and AI hardware. The collaboration is between Jinbei Auto and X Square Robo.
Variable X Robotics secured several hundred million yuan in funding in February 2026, led by investors including SAIC Capital and CICC SAIC Fund. This follows a substantial 1 billion yuan A++ financing round completed in January 2026, indicating strong investor confidence in the robotics sector.
The total funding rounds for Variable X since late 2023 amount to ten, with major contributions from firms like Sequoia China and Alibaba. The robust investment landscape signals growing interest and competition in AI and robotics, presenting both opportunities and risks for existing players.
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