MINTH GROUP (00425) has announced that the group has reached a framework agreement with Leader Harmonious Drive Systems Co.,Ltd. (688017) on key terms for the proposed establishment of a joint venture in the United States. The joint venture will focus on the design, manufacturing, and commercialization of humanoid robot joint module assemblies in North America. The group places significant emphasis on end-to-end commercial deployment of robotics-related products, covering the design, production, and manufacturing of core robotic components and module products. The group believes that establishing a localized system for assembly, delivery, upgrades, and maintenance of humanoid robot joint modules, along with gradually achieving localized supply of core components, is essential for the sustainable development of embodied intelligent robotics companies in North America. Leveraging the group's industrial capabilities, global presence, localized operations, and diversified customer base, MINTH aims to become a leading global Tier-1 supplier of localized robotic system components. Under the framework agreement, MINTH and Leader Harmonious will collaborate to accelerate expansion in the North American market. By utilizing MINTH's global resources and platform, along with Leader Harmonious's technical expertise in transmission systems, both parties aim to deepen cooperation in the field of humanoid robot joint modules through complementary strengths, achieving industrial synergy and mutual benefits, thereby opening new revenue streams for both sides.
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