Top News丨Tech startup eyes cheaper robots, new applications

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In a high-tech factory in Shanghai, engineers meticulously piece together humanoid robots, while rows of newly made machines await testing. The factory, in Lin-gang Special Area, is the first in Shanghai to mass produce humanoid robots. Though it has only been operational for less than a year, it has already produced more than 1,500 humanoid robots, according to AgiBot, the artificial intelligence and robotics startup that runs the factory. The company plans to open a second factory in Shanghai this year, and is aiming for an annual capacity of 10,000 units. "At scale, our robots will cost under 200,000 yuan ($27,500) — less expensive than a family car," said Peng Zhihui, co-founder of AgiBot. ▲ A robot developed by AgiBot, an artificial intelligence and robotics startup, makes toast at the 2025 Global Developer Conference in Shanghai on Feb 21. Provided to China Daily Initially targeting a monthly output of 100 units, the plant's production surged to more than 15 units daily due ………………………………