(RTTNews) – SKF AB (SKF-B.ST, SKUFF), a Swedish engineering and manufacturing company, announced on Thursday a strategic agreement with Leaderdrive (688017.SS, 6324.T) to establish a joint venture in China focused on developing and supplying high-precision transmission components for humanoid robot joints.
The venture, headquartered in China, is planned to commence operations by the end of 2026. SKF will retain a 60% ownership stake, while financial details of the transaction remain undisclosed.
The partnership merges Leaderdrive’s specialization in automation products and humanoid robotics with SKF’s bearing technology, manufacturing expertise, and global supply chain infrastructure. This collaboration aims to expedite the development and production of precision transmission systems tailored for industrial humanoid robots.
Initially targeting the Chinese market, the venture will also pursue opportunities in international markets such as Europe, Japan, and the U.S., leveraging SKF’s established sales network. As of Wednesday, SKF closed trading at SEK 248 on the Stockholm Stock Exchange, while Leaderdrive rose 0.16% to CNY 424.58 on the Shanghai Stock Exchange on Thursday.
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