Establishment of an Israeli branch of the Guangzhou Sino-Israeli Robotics Institute (SIRI);
Establishment of a $20 million investment fund for joint projects that meet the requirements of the Chinese market;
Identifying suitable robotics investment projects for the Chinese market, and
Development of educational and training programs, including the organization of joint conferences.
The deal is the second major development in the Sino-Israeli robotics sector. In September, the two countries signed a deal to establish the Sino-Israeli Robotics Institute (SIRI), the centerpiece of a new $2 billion industrial park in Guangzhou that will be dedicated to bringing to life the robotics research done by Israeli and Chinese researchers, according to Times of Israel. Under the new deal signed last week, the technology and the robots will be developed and perfected by Israeli and Chinese researchers in Israel, and will be mass-produced in China.
National Economic Council and Israel-China Task Force Chairman Prof. Eugene Kandel, commented at a China-Israel Cooperation Conference held in Tel Aviv earlier this year: “The development of trade relations, research and development, and joint bilateral investments will contribute to economic growth in both countries. Ties between Israeli and Chinese companies, encouraged and supported by both governments, is of decisive importance for Israel at a time when the global economy as a whole is moving eastward.”
The Chinese delegation was led by Dr. Peng Jian, Manager of the China-Israel Joint Task Force at the China National Development and Reform Commission (NDRC), according to the Israel Export & International Cooperation Institute.
The SIRI event attracted senior executives from Siasun, a leading robotics company in China; Vanke, China’s largest real estate company with needs in the field of robotics for its industrial parks; Guangdong Akode Smart Logistics; Foshan Yitai Medical Supplies; and Shenzhen ASTR Industrial Co., Ltd. Administration officials of the Guangzhou industrial zone also participated at the ceremony.
Leading Guangzhou investment funds present at the SIRI Tel Aviv event included Guangzhou Sino-Israeli Smart Technologies Investment Ltd.; Guangzhou Finance Holdings Group Co., Ltd.; Guangzhou Hongtao Venture Capital Ltd.; and Guangzhou Infinity Equity Management Ltd.
Representing Israel were: Yariv Becher – Director of the China-India Department of Foreign Trade at the Ministry of Economy; Uri Pachter – Director of International Projects at the Institute of Export; Dan Catarivas – Director of the Division of Foreign Trade and International Relations at the Israel Manufacturers Association; and Peggy Mizrahi – Manager of the China Unit of the Israel Export Institute.
Senior members of Israel’s robotics industry included Prof. Moshe Shoham – Co-Founder and CTO of Mazor Robotics and head of the Robotics Laboratory at the Technion, Dr. Arie Perry – President of AUVSI Israel and former IAI consultant, Rafi Aravot – founder of RoboGroup, and Warren (Barry) Brayer – a civil aviation industry robotics expert.
SIASUN Robot & Automation Co., Ltd. (300024:Shenzhen) is the largest robotics company in China, and its four major leading industries are: advanced manufacturing equipment, rail transit automation industry, energy equipment industry, and advanced robot industry. Its application fields cover various areas, such as: vehicles, motorcycles, electronics, electrical appliances, tobacco, chemicals, food, finance, medicine, railway, printing and publishing fields. Siasun is located in the Shanghai Jinqiao Export Processing Zone.
China Vanke Co. Ltd. (2202.HK) develops and sells small and medium-sized general commodity housing projects in China. The company also provides property management and related services to purchasers and tenants of its own developed residential properties and shopping arcades, as well as to the external property developers. In addition, it offers construction contract services. The company was founded in 1984 and is headquartered in Shenzhen. China Vanke has a market capitalization of 252.75 billion.
Guangdong Akode Smart Logistics Technologies, Ltd is engaged in the production and sale of electric/manual forklifts, automobile tail boards, intelligent welding robot cleaners and other logistics equipment. The company is at the forefront of innovation, and has been awarded the title of “Guangdong Private Science and Technology Enterprise”. Its mission is to research and develop intelligent logistics projects.
Foshan Yitai Medical Supplies Co., Ltd. is a manufacturer specialized in proprietary medical technology, medical equipment development and production of high-tech medical equipment. At present the company has mastered the non-independent Ethernet operation decompression technology and developed a number of patented products such as the portable intelligent treatment instrument for cervical pull decompression.]]>