Midea, Kuka Chase Automation Dreams With $1.6 Billion Park

Evidence notes

• Midea and Kuka's smart manufacturing park in Shunde spans 800,000 sq. meters and costs $1.6 billion.
• The 50-50 joint venture aims to enhance industrial robots and automation in the Chinese market.
• Midea Group is a global appliance and industrial technology company with robotics exposure through KUKA, factory automation and smart manufacturing.