Trade tensions may power down China's robot industry [Reuters (UK)]
ING GROUP (ISF)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
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Source: Reuters
Trade tensions may power down China's robot industry | Reuters 4 Min Read BEIJING (Reuters) - At a trade show in southern Beijing, children and parents crowd around a group of pink and blue dancing robots that resemble toddler-sized Power Rangers. The robots – wired with wide LED smiles and cutesy personalities – are the brainchild of Chinese-American company AvatarMind, built to be futuristic retail workers, teacher’s assistants and household helpers. But even as the company polishes off production of 2,000 units, AvatarMind and companies like it are rethinking plans for international expansion in the face of widening tariffs. “We want to sell them for the price that is affordable for families, not just institutions. And Trump’s tariffs may affect that,” AvatarMind chief executive Dr John Ostrem said at the World Robot Conference, which ends Sunday. The main competitor to AvatarMind’s iPal humanoid robot is a similar but much pricier bot called Pepper, which is made by Japan’s SoftBa
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