Tech startup eyes cheaper robots, new applications

Firm to open 2nd factory in Shanghai, aim for annual capacity of 10,000 units

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.