China registers over 450,000 smart robotics firms

An AI vehicle charging robot attracts visitors at the 2024 World Intelligence Expo in Tianjin. (TONG YU/CHINA NEWS SERVICE)

China registered 451,700 companies in the intelligent robotics sector as of the end of December 2024, with a total registered capital of 6.44 trillion yuan ($884.27 billion), according to the Science and Technology Daily quoting data from the State Administration for Market Regulation on Sunday.

Data showed that the number of the companies increased 206.73 percent from the end of 2020 and 19.39 percent from the end of 2023, presenting a steady upward trend.

From the perspective of industry distribution, the companies in the intelligent robotics sector were predominantly concentrated in scientific research and technical services, information transmission, software &IT services, and wholesale &retail businesses. Collectively, the number of companies in the three industries account for nearly 80 percent of all enterprises in the field.

Benefiting from unparalleled regional advantages, robust R&D capabilities, and comprehensive industrial chain infrastructure, China's eastern region has attracted over two thirds of smart robotics enterprises, establishing itself as the industry's "golden cluster zone". The central and northwestern regions demonstrate relatively balanced enterprise distribution, accounting for 15.33 percent and 14.97 percent, respectively.