Chery Robot Affiliate AiMOGA Eyes IPO
Chery robot affiliate AiMOGA is preparing for an initial public offering to fund technology investments and expand global deliveries. The company aims to increase shipments significantly next year.
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AiMOGA Robotics, a robotics affiliate of CHERY AUTOMOBILE CO LTD-H, is preparing for an IPO to fund expansion and overseas growth, executives said on Wednesday afternoon. The listing follows surging interest in China's humanoid robot sector amid intensifying competition. The move aims to finance future technology investments and enhance governance standards, according to Zhang Guibing, head of the business and president of Chery International.
