COVID-19 BOUGHT TOUGH TIME FOR CHINA’S ROBOT STARTUPS

Highlights:

• China’s sales of industrial robots have slumped by a fifth in the first quarter of the year as compared to the same quarter a year ago.
• It is expected that the industrial robot sales will tumble by 15% in the second quarter of the year.
• Most clients are reluctant to invest in expensive factory gears due to rising business uncertainties. 

Robots ha....