China Robots Conference Spotlights the Changing Face of Humanoids 

A human looking robot performs movements during the 2024 World Robot Conference at Etrong International Exhibition and Convention Center in Beijing, China, 22 August 2024. (EPA)
A human looking robot performs movements during the 2024 World Robot Conference at Etrong International Exhibition and Convention Center in Beijing, China, 22 August 2024. (EPA)
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China Robots Conference Spotlights the Changing Face of Humanoids 

A human looking robot performs movements during the 2024 World Robot Conference at Etrong International Exhibition and Convention Center in Beijing, China, 22 August 2024. (EPA)
A human looking robot performs movements during the 2024 World Robot Conference at Etrong International Exhibition and Convention Center in Beijing, China, 22 August 2024. (EPA)

As China seeks to race ahead in humanoid robot development, its supply chains showcased cheaper and innovative parts at the world robot conference in Beijing, but some executives warn the industry has yet to improve product reliability.

Wisson Technology (Shenzhen), known for its flexible robotic manipulators, doesn’t depend on motors and reducers - transmission devices commonly used in robotics - but instead uses 3D-printed plastics and relies on pneumatic artificial muscles to power its robots.

This less expensive form of production allows it to price its flexible arms at about one-tenth that of traditional robotic arms, said Cao Wei, an investor in Wisson through venture capital firm Lanchi Ventures, in which he is a partner.

Pliable technology will usher in robotic arms at a cost of around 10,000 yuan ($1,404), Wisson said on its website.

"(Wisson’s) pliable arms could be used in humanoids," said Cao, adding that the company has already provided samples to overseas companies that make humanoid robots, without elaborating.

Yi Gang, founder of Shanghai-based Ti5 Robot, a company specializing in integrated joints, highlighted some of the problems he sees in the robotics supply chain.

"The whole supply chain still needs to address issues with product reliability," said Yi, adding that due to defect rates his company can only make products in volumes of up to 1,000.

Harmonic gear, which refers to machinery that plays a key role in motion-control, was a key issue, he said.

China's robotics effort is backed by President Xi Jinping's policy of developing "new productive forces" in technology – a point made in brochures for last week's event.

Across China, the world's largest market for industrial robots, the increasingly sophisticated technology is changing the face of traditional industries such as manufacturing, autos, agriculture, education as well as health and home services.

Gao Jiyang, previously an executive director at Chinese autonomous driving start-up Momenta before founding Galaxea AI, a start-up focused on robot hardware and embodied AI, said the ramp-up in smart driving was leading to advances in robotics.

“Autonomous driving means AI-plus cars, which are also a type of robot,” Gao said.

As the conference wrapped up on Sunday, Premier Li Qiang said it was crucial to implement President Xi's guidelines on the importance of the robot industry.

"The robot industry has broad prospects and huge market potential," Li said, according to China's official Xinhua news agency.

Describing robots as an "important yardstick for technical innovation and high-end manufacturing strength," Li called for efforts to maintain supply chain stability and progress on the international stage.

"It is necessary ... to promote the expansion and popularization of robots in various fields such as industry, agriculture and service industry," he said.



Walt Disney Tasks Morgan Stanley's Gorman to Lead CEO Search

A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, US, December 14, 2017. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights
A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, US, December 14, 2017. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights
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Walt Disney Tasks Morgan Stanley's Gorman to Lead CEO Search

A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, US, December 14, 2017. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights
A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, US, December 14, 2017. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights

Walt Disney on Wednesday named board member and Morgan Stanley executive chairman James Gorman to chair its succession planning committee, which is looking for a replacement to longtime CEO Bob Iger.

Disney won a months-long proxy war earlier this year with activist investor Nelson Peltz who argued the company had underperformed in the streaming-television era and criticized its succession planning.

The board has extended Iger's retirement date five times, including pulling him back from an initial retirement in 2022 to replace his hand-picked successor Bob Chapek, Reuters reported.

Last year, Iger, who was the CEO from 2005 to 2020 before his 2022 reappointment, said he would extend his stay through 2026 and "definitely" step down when his contract ends.

Gorman joined as a Disney director this year and oversaw the recent succession process at Morgan Stanley. He was its CEO from 2010 to 2023 and will be ceding his role as executive chairman at Disney in December.

"Succession planning is a top priority of the Board," Disney Chairman Mark Parker said. The company said it was reviewing internal and external candidates for the CEO position.

The company also said Mary Barra, CEO of General Motors and Calvin McDonald, CEO of Lululemon Athletica will continue to serve on the succession planning committee, which has met six times so far in fiscal 2024.

In addition, the board has discussed the search for the next CEO at all of its regularly scheduled meetings this year, Disney said.