Zhejiang XCC Group (SHA:603667) partnered with Anhui Zhongding Sealing Parts (SHE:000887) to develop humanoid robots in a strategic cooperation deal, according to a Shanghai Stock Exchange disclosure on Wednesday.
The deal also included that the Chinese automotive bearings manufacturer and the automotive air suspension system maker will prioritize each other when it comes to the supplies of their products, the disclosure said.
XCC's shares closed more than 4% higher and Zhongding's shares closed 10% higher.
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