China's largest robot maker, Siasun is scouting Europe for acquisitions as part of its expansion strategy and also due to intensified local competition. Indeed, Siasun's president, Daokui Qu, warns many Chinese robot makers may go out of business as fierce price competition will not allow them to spend what they need to on research and development: They want to buy,” Daokui Qu said in an interview at the Automatica robotics fair in Munich. "In the last three to five years, many, many new companies appeared - maybe up to 800. But only a few have been able to survive in this competitive environment.
China's largest robot maker, Siasun is scouting Europe for acquisitions as part of its expansion strategy and also due to intensified local competition. Indeed, Siasun's president, Daokui Qu, warns many Chinese robot makers may go out of business as fierce price competition will not allow them to spend what they need to on research and development: "In the last three to five years, many, many new companies appeared - maybe up to 800. But only a few have been able to survive in this competitive environment.