Schaeffler Bets Big on Humanoid Robots

Schaeffler, a German machine and car parts giant, is making a significant investment in humanoid robots, aiming for orders worth hundreds of millions of euros by 2030. Theyve secured five customer contracts, primarily with Chinese and American companies, and are collaborating with over forty robotics firms worldwide. Their first deals involve crucial components like actuators and strain wave gears. This robotics push is bolstering their stock, despite the auto industrys struggles, and is expected to contribute to a global demand boom for humanoid robots, with Schaeffler targeting a ten percent share of the materials market. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/71330d4ac3b98a85