For nearly a decade, China has been the world’s largest producer and consumer of industrial robots. However, it has “no pricing power” in the market, experts say, due to foreign companies owning the core technologies. According to China’s Ministry of Industry and Information Technology, it has been the world’s largest consumer of industrial robots for eight consecutive years. In 2020, the country’s robotics industry reported revenue of $15.7 billion, and its industrial robot density reached 246 units per 10,000 workers, nearly twice the global average. However, China primarily manufactures lower-end products in the sector as foreign robotics companies control most of the high-end market share. The four leading industrial robotics brands in China are Japan’s Fanuc and Yaskawa, Switzerland’s ABB, and Germany’s KUKA. KUKA was acquired by a Chinese firm in 2016 amid a financial downturn. According to statistics published by Tebon Securities, a Chinese investment firm, the four industrial …