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Midea's 2016 €4.5 billion Kuka acquisition accelerated China's robotics push

Verifying
  • Midea acquired Germany's Kuka in 2016, expanding China's position in industrial robotics.
  • China invested $5.6 billion in at least 13 major robotics companies worldwide since 2016.
  • Hyundai Motor acquired a Boston Dynamics stake in 2021, while Korean deals totaled $1.6 billion.
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