New Mileage has established an intelligent robotics company in Shandong with a registered capital of 135 million yuan.

According to the Qichacha APP, Shandong New Mileage Intelligent Robot Co., Ltd. has been established, with Zhu Tian as the legal representative and a registered capital of 135 million yuan. The business scope includes: research and development of intelligent robots; sales of intelligent robots; manufacturing of CNC machine tools; manufacturing of industrial robots; and manufacturing of service consumption robots, among others. Qichacha's equity penetration shows that the company is wholly owned indirectly by New Mileage.