Xin Lang Cai Jing·2025-10-17 07:34Core Viewpoint - OneStar Robotics, a company backed by Geely, is confirmed to be in the process of dissolution, with key personnel having withdrawn from the company [1][5]. Company Overview - OneStar Robotics was established on May 9, 2025, with a registered capital of 10 million RMB, and is controlled by Li Xingxing, the son of Geely Group's founder Li Shufu [5]. - The company was seen as a significant move by Geely into the robotics sector, with ambitions to become a leading robotics company globally [5]. - The chairman, Pan Yunbin, has a background in Geely and has been involved in various leadership roles within the company [5][6]. Recent Developments - OneStar Robotics had completed two rounds of financing, with the latest round in August 2023 involving investors from Geely-related industries [6]. - The company announced a partnership with Fudan University to establish a joint laboratory for intelligent robotics, showcasing their first robot, "Star Wheel 1" [7]. - Despite these advancements, rumors of dissolution emerged, attributed to overlapping business directions with Geely's heavily invested Qianli Technology [7]. Competitive Landscape - Qianli Technology, established in December 1997 and listed in November 2010, has a registered capital exceeding 4.5 billion RMB and is also backed by Geely [7][8]. - Qianli Technology is focusing on the "AI + vehicle" sector and has recently formed a joint venture with Geely for smart driving solutions [8]. - As of October 16, 2023, Qianli Technology has submitted an application for an H-share listing on the Hong Kong Stock Exchange [8][9].