DALIAN, China -- Chinese industrial robots still have some catching up to do in terms of technology, but they are roughly 30% cheaper than Japanese and European counterparts, an opening Chinese manufacturers are set to exploit to gain ground in their home market.
After years of being bested by Japan's Fanuc, Swiss player ABB and other powerhouses, Chinese industrial robot manufacturers have gone on the offensive, ramping up capacity to boost their domestic market share from 30% to the government-set goal of 50%.
