Investment fund of 1 billion yuan to be opened in Wuhan for the development of humanoid robots

An industry investment fund of 1 billion yuan will be established in Wuhan to further support humanoid robot manufacturing enterprises. This was reported on November 18 by the Xinhua news agency.

Wuhan is rapidly becoming one of the key centers of the humanoid robotics industry in China. Recently, China's first 7S store dedicated entirely to humanoid robots opened in the city, the publication noted.

"From smart gadgets with artificial intelligence to humanoid robots and accessories, we offer more than 70 products. Our goal is to make advanced technologies accessible to everyone," said Li Zhengxiang, Chairman of the Innovation Center.

To date, there are already six manufacturers of ready-made robotic systems in the city, more than 80 key enterprises and about 1,000 companies in related industries. Robots are capable of performing a wide variety of tasks, from working as cashiers, caring for patients to industrial assembly.

The store also offers programming training programs for schoolchildren and courses for operation and maintenance engineers. According to local officials, there are plans to build an industrial cluster of humanoid robots worth 100 billion yuan by 2027.

In addition, it is expected that by 2045, China will employ more than 100 million humanoid robots in various industries, which will create a total market value of about 10 trillion yuan.

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On August 1, the SCMP newspaper reported that the Xueba 01 humanoid robot in China entered graduate school for the first time. It was noted that Xueba 01 will be studying at a four-year postgraduate program in drama and cinema, focusing on traditional Chinese opera.

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