SIASUN(SZ:300024) Guan Cha Zhe Wang·2025-10-17 12:14Core Insights - Suzhou OneStar Robotics, a rising star in the embodied intelligence sector, is reportedly undergoing dissolution just five months after its establishment, raising concerns in the industry [1][3][9] Company Overview - Suzhou OneStar Robotics was founded on May 9, 2025, with a registered capital of 10 million RMB, and is backed by Geely Holding Group [1][2] - The company focuses on multi-modal diffusion large model research and high-precision real machine data collection, aiming to develop intelligent evolutionary robots [1][3] Investment and Financial Backing - Despite its short operational history, OneStar Robotics attracted significant investment, including strategic investments from Cao Cao Mobility and Crystal Microelectronics, and completed a seed round financing of several hundred million RMB [6][9] - The investment consortium includes prominent market players such as Baidu Ventures and local state-owned enterprises, indicating strong capital appeal [6] Strategic Context - OneStar Robotics was seen as a key component of Geely Group's robotics strategy, with ambitions to transition from an automotive company to a leading global robotics firm [7][9] - The company’s dissolution does not signify Geely Group's withdrawal from the robotics sector, as the industry is increasingly prioritized by automotive manufacturers [9][19] Internal Dynamics and Challenges - The company faced challenges in defining its core development path and remained in the team-building phase without substantial business operations [9][20] - OneStar's establishment involved external teams, which may have conflicted with Geely's strategy of internal resource integration [20] Future Implications - Following the dissolution, there are indications that OneStar's foundational platforms may revert to Geely, while the embodied technology team could pursue independent ventures [21]