Xie Feng, Chairman of Li Yuan Venture Capital, Holds Dim View About Domestic Market of Industrial Robot, Not As Robust As International Market
Release time：2016-08-08

On 27, July, a salon for investment circle, whose theme is the way to open the robot, was co-sponsored by Zero2IPO Group and Shannan Fund Town. In the forum, entrepreneurs and investors were given an analysis of how the robot is being opened to involve in the entire industry 4.0 in 2016 when science and technology is progressing further and capital is more active. Xie Feng, Chairman of Li Yuan Venture Capital, was invited to attend and delivered a speech. The following is an excerption:

In 2014, Li Yuan began planning to do a robot project. We specifically created a fund of robot in VC industry with a media agency who paid attention to robot. This fund was mainly originated by me.

I am of the view that, in China there is still a long way for the robot industry to walk, especially for industrial robots. For example, there are three key components in industrial robots. Thees components are always procured from international market, even they could also be made domestically. But why do domestic products have so few market shares? A firm in Xiaoshan is apt at welding robot. It has its own controller. However, motor and decelerator must be imported because homemade ones are not as good as those purchased from international market in terms of cost or service life.

Meanwhile, as far as the robot itself is concerned, the three key components accounted for 60% -80% of total cost, no matter in which area the robot is introduced, which result in low added value of assembly and application created by our country. Howsoever, why is the industrial robot so popular with us? Because the market capacity is very large in China. Looking at the application client, its peak has not yet come. Production lines are very backward in industries such as logistics, electronics and food. If some of intelligent key equipment is available, it will be of substantially practical value to replace manual work with robot and reduce the enterprise cost. Moreover, it will play a very key role in China Intelligent Manufacturing 2025.