Unitree and PetroChina's Kunlun Manufacturing plan industrial robot JV
11/06/2026 — 11/06, 16:18·1 sources (all)·1 reports (all)
Key takeaways
- A Beijing market regulator filing shows PetroChina's Kunlun Manufacturing and Kunlun Capital plan a joint venture with Unitree Robotics and…
Background & analysis
On 2026-11-06, Chinese media outlet IT之家 reported on a public notice from the Beijing Municipal Administration for Market Regulation. Between 2026-11-04 and 2026-11-13, the regulator is soliciting public comment on a simplified merger control filing concerning a proposed joint venture in China's industrial embodied AI robotics sector.
According to the filing, China Petroleum Group Kunlun Manufacturing Co., Ltd. (昆仑制造), along with its concerted party Kunlun Capital, plans to sign agreements with Unitree Robotics (宇树科技) and Beijing Fanjie Intelligent Technology Co., Ltd. (泛界智能) to jointly establish a new joint venture. The venture will focus on industrial embodied intelligent robot solutions.
Following the transaction, 昆仑制造 and its concerted party will hold a combined 60% stake, while Unitree Robotics and 泛界智能 will each hold 20%. The three parties will exercise joint control over the new entity.
The report also provided background on the partners. 昆仑制造 was registered on 2023-10-20 in Xiong'an, Hebei Province, and is primarily engaged in energy equipment manufacturing. Its ultimate controlling shareholder is China National Petroleum Corporation (CNPC). In the strategic placement of Unitree Robotics' earlier STAR Market IPO, Kunlun Capital participated as a key investor, subscribing to 2.23% of the shares offered in that public offering. The two sides have also signed a strategic cooperation memorandum to collaborate on robot applications in oil and gas scenarios.
As of 2026-11-06, the joint venture remains pending, with the antitrust filing still in its public notice period.
AI-generated from 1 reports · updated 1 hour ago
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Beijing's market regulator disclosed that Kunlun Manufacturing and Kunlun Capital, both under PetroChina, plan to form a joint venture with Unitree and Fanjie Intelligent for industrial embodied AI robot solutions. Kunlun would hold 60% and Unitree and Fanjie 20% each, with the public notice running Nov 4–13.
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