“Our goal is really to be number one in China,” said Till Reuter, CEO of the German firm that was acquired last year by Chinese electrical appliance manufacturer Midea.
China is Kuka’s largest market with an estimated growth rate of 20 to 25 percent a year.
Reuter said he is upbeat on the opportunities in China amid the evolution of how man and machines are working together to benefit all parties, he told CNBC on the sidelines of the Fortune Global Forum in Guangzhou, China.
“We are coming from the industrial side, so I think industrial side was one of the big promoters of robotics in the past. Now what we have seen — and also why we have joined force with Midea — we see clearly that industry and consumer are getting much closer together,” said Reuter.
Midea’s purchase of Kuka was met with some political resistance in the European country.
Source: cnbc china
Kuka aims to lead in China as robotics move from industry to home