The CEO of Geek+ Robotics Robotics, a China-based company, says they don’t see any strong competition outside of China and this includes the United States. “We’ve already entered Japan, Europe, Australia, and the United States and we are seeing a big demand for robotics and automation,” said Zheng Yong. “We almost cannot see any strong competitor outside of China.”
Zheng Yong, the CEO of Geek+ Robotics, discussed the companies future this morning on Bloomberg:
Robotics Market Potential is Quite High
We think the market potential is quite high. We hope in the next four years we can deliver 20,000 to 50,000 robots per year. Our customers come from two directions. One is the retail companies including ecommerce. The second direction is the manufacturing companies.
There is very strong competition in China with lots of strong robotics companies that are growing very fast. We are not only starting automation solutions with robots to our customers, but we also provide logistic service to our customers. We own a lot of operational experiences and we combine those experiences inside our system. We have a lot of data and that will be a long-term advantage.
No Strong Competitor Outside of China
We haven’t got any money from the Chinese government directly. But because the government is promoting this concept in their Made in China Industrial Plan it can help us in the market. Overseas expansion will be our first priority next year. We’ve already entered Japan, Europe, Australia, and the United States and we are seeing a big demand for robotics and automation. We almost cannot see any strong competitor outside of China.
Our business is being impacted by the trade sanctions, taxes are higher. Our plan to grow our business in the United States is a little bit slowed down. We want to see the results of the trade conference between China and the US.
About Geek+ Robotic
Focusing on Logistics and Warehousing, Geek+ leads the technology revolution, by applying advanced robotics and AI technologies to realize high-flexibility and intelligent logistics automation solution. Geek+ provides leading, reliable, one-stop enterprise-level service with strong technological strength, precise customer understanding, thorough after-sales service, and ISO 9001: 2008 quality system.
Geek+ R&D team consists of Ph.D. and master graduates from Tsinghua, PKU, CAS, BEIHANG, USTB, etc., with much solid research and practice experience in the fields of robotics, embedded development, software engineering, artificial intelligence, most of them have joined domestic/international robotic contests and won the championship. All products are developed independently and possess the core patents, with a world-class level performance.