A Chinese robotics firm is going to set up a factory to produce a U.S. counterpart's models in China, the world's largest market for industrial robots.
Hunan-based Cothink Robotics Tech Co. and Rethink Robotics signed an agreement on Sunday in Changsha, capital of central China's Hunan Province, with the city government as a third party.
A Cothink spokesperson said the production base, Rethink's first in China, would have an annual capacity of 2,000 robots.
Scott Eckert, president and CEO of Rethink Robotics, said he foresaw the products would have a broad market in China, as they can replace human workforce in dangerous work or tasks requiring high precision.
