Fuchun Dyeing and Weaving establishes a new subsidiary that includes smart robot business.

According to the Qichacha APP, recently, Wuhu Fuchun High-tech Technology Co., Ltd. was established with a registered capital of 50 million yuan. Its business scope includes research and development of intelligent robots, manufacturing of intelligent unmanned aerial vehicles, sales of civil aviation materials, sales of high-speed precision gear transmission devices, and manufacturing of electronic components. The equity penetration of Qichacha shows that the company is wholly owned by Fuchun Dyeing and Weaving.