Core Viewpoint - The article discusses the interconnected events of a fire at a chemical plant owned by Chengxing Co. and the sudden dissolution of a robotics startup, OneStar, both linked to the same individual, Li Xingxing, highlighting the complexities of corporate control and investment strategies in emerging industries [4][6][17]. Group 1: Chengxing Co. Incident - On October 20, a fire occurred at Chengxing Co. in Jiangyin, which did not result in any casualties, and the company is the largest producer of thermal phosphoric acid in China [9][12]. - Chengxing Co. faced severe financial difficulties in 2020, leading to a risk warning and a near delisting situation, but was rescued by Li Xingxing's acquisition of a significant stake in 2022 [12][13]. - Under Li's leadership, Chengxing Co. achieved revenues of 4.538 billion yuan in 2022, but faced losses in 2023 and projected further losses in 2024 due to high raw material costs and weak demand [14][15]. Group 2: OneStar Robotics Company - OneStar, a robotics startup, has entered a dissolution phase despite recent funding rounds, raising questions about its abrupt exit from the market [17][19]. - The company was founded in May 2025 and had notable backing and leadership, including a partnership with Fudan University for a robotics lab [20][22]. - Speculation suggests that OneStar's dissolution may be part of a strategic consolidation within Geely's portfolio, as its focus overlaps with another Geely subsidiary, Qianli Technology, which is pursuing similar technological advancements [23][24]. Group 3: Li Xingxing's Business Network - Li Xingxing, a low-profile heir, has built a vast business network across various sectors, including new energy, intelligent robotics, and satellite communications [7][28]. - He has played a pivotal role in the development of Geely's electric vehicle technologies and has initiated projects in the phosphoric acid market to support battery materials [31][33]. - Li's investment strategy includes a diverse portfolio with a focus on new energy and semiconductor sectors, creating a significant commercial landscape [34].

每经记者：温雅兰每经编辑：魏官红 一家明星具身智能创业公司，从高调成立到悄然解散，竟不到半年时间。 10月16日，关于具身智能创业公司苏州一星机器人（OneStar，以下简称一星机器人）解散的传闻持续 发酵。据多个信源向媒体确认，该公司确实处于解散阶段，并有知情人士透露，"有吉利背景的相关人 员已经基本撤出"。 《每日经济新闻》记者随后查询一星机器人微信公众号，发现其内容已被清空。与此同时，公司联合创 始人兼CTO（首席技术官）丁琰的小红书账号简介显示，其一星机器人的工作经历截至今年10月。 10月17日，《每日经济新闻》记者实地探访了一星机器人办公室所在地，发现其门口叠放着一些大件未 拆封物品，公司的名称及logo（标识）已被拆下，仅技术团队部分员工仍然"留守"。随后记者前往了高 德地图显示的公司最新地址，发现该地址目前处于装修停工状态。 外界普遍猜测，一星机器人走向解散的原因，可能包括创始团队内部分歧以及业务方向与吉利旗下千里 科技重叠等。 记者注意到，截至发稿，一星机器人尚未就解散原因作出官方回应。 10月17日，记者前往了高德地图显示的一星机器人最新地址，发现该地址目前处于装修停工状态。每经 记者 温 ...

近日有市场传闻称，具身智能创业公司一星机器人（OneStar）宣布解散。据第一财经确认，该公司确 实处于解散阶段，"有吉利背景的相关人员已经基本撤出"。 记者查询一星机器人公众号，已无内容显示。与此同时，公司联合创始人兼CTO（首席技术官）丁琰的 小红书账号简介显示，其一星机器人的工作经历截至今年10月。 据每日经济新闻报道，10月17日，记者实地探访了一星机器人办公室所在地，发现其门口叠放着一些大 件未拆封物品，公司的名称及logo（标识）已被拆下，仅技术团队部分员工仍然"留守"。随后记者前往 了地图显示的公司最新地址，发现该地址目前处于装修停工状态。截至目前，一星机器人尚未就解散原 因作出官方回应。 星机器人办公室所在地 一 星机器人新办公室地址 得益于身后强大的资本背景和团队资源等因素，一星机器人曾完成了两轮融资。 今年8月，一星机器人宣布完成"亲友轮"融资。9月17日，一星机器人再次发布消息称，公司完成数亿 元"种子轮"融资。在融资的同时，该公司还发布了首款机器人。 9月中旬，一星机器人发布消息称，公司与复旦大学正式签约，共建 "智能机器人校企联合实验室"。签 约仪式上，发布了 "星轮1号"轮式双臂机 ...

Core Viewpoint - OneStar Robotics, a startup in the field of embodied intelligence, is confirmed to be in the process of dissolution, with key personnel withdrawing from the company [2][4]. Group 1: Company Background - OneStar Robotics was founded on May 9, 2025, with a registered capital of 10 million RMB, and is controlled by Li Xingxing, the son of Geely Group founder Li Shufu [9]. - The company was seen as a significant move by Geely into the robotics sector, with its chairman, Pan Yunbin, having a background in Geely's satellite division and currently serving as CEO of Geely Semiconductor [9]. - The technical team consists of young talents with advanced degrees from prestigious institutions such as Stanford, Berkeley, Oxford, Imperial College, and Tsinghua [9]. Group 2: Funding and Development - OneStar Robotics completed two rounds of financing, including a "friends and family" round in August and a seed round in September, raising several hundred million RMB [10][11]. - The company launched its first robot, the "Xinglun No. 1" wheeled dual-arm robot, in September and announced a partnership with Fudan University to establish a joint laboratory for smart robotics [11]. Group 3: Market Context and Challenges - The dissolution rumors emerged in October, attributed to overlapping business directions with Geely's heavily invested subsidiary, Qianli Technology, which is preparing for a Hong Kong IPO [11]. - Qianli Technology, established in December 1997 and listed in November 2010, has a registered capital exceeding 4.5 billion RMB and focuses on vehicle production and automotive parts [11].

Company Overview - OneStar, a prominent startup in the field of embodied intelligence, has reportedly entered a dissolution phase less than six months after its high-profile establishment [1][3] - The company was founded in May 2023 by Li Xingxing, son of Geely's founder Li Shufu, who controls 65.66% of the company's shares [4] - OneStar aimed to position itself as a key player in the robotics sector, collaborating with prestigious academic institutions like Fudan University and Tsinghua University [4] Financial and Operational Highlights - OneStar completed two rounds of financing within four months of its establishment, raising several hundred million yuan [5] - The first round of financing in August involved investors from Geely-related industries, while the second round in September attracted both market-oriented and industrial investors [5] - Despite the rapid fundraising and product announcements, the company unexpectedly faced dissolution [5] Market Context - The embodied intelligence sector is currently experiencing significant growth potential, with projections indicating that the market size in China could exceed 1.25 trillion yuan by 2027 [7] - However, the industry is challenged by high investment requirements, heavy R&D demands, and low returns, necessitating strategic planning for mass production and scaling [7]

一家明星具身智能创业公司，从高调成立到悄然解散，竟不到半年时间。 10月16日，关于具身智能创业公司苏州一星机器人（OneStar）解散的传闻持续发酵。经第一财经确 认，该公司确实处于解散阶段，并有知情人士透露，"有吉利背景的相关人员已经基本撤出"。 《每日经济新闻》记者（以下简称"每经记者"）随后查询一星机器人微信公众号，发现其内容已被清 空。与此同时，公司联合创始人兼CTO（首席技术官）丁琰的小红书账号简介显示，其一星机器人的工 作经历截至今年10月。 10月17日，每经记者实地探访了一星机器人办公室所在地，发现其门口叠放着一些大件未拆封物品，公 司的名称及logo（标识）已被拆下，仅技术团队部分员工仍然"留守"。随后记者前往了高德地图显示的 公司最新地址，发现该地址目前处于装修停工状态。 一星机器人办公室所在地 图片来源：每经记者 温雅兰 摄 一星机器人新办公室地址 图片来源：每经记者 温雅兰 摄 外界普遍猜测公司走向解散的原因可能包括创始团队内部分歧以及业务方向与吉利旗下千里科技重叠 等。记者注意到，截至发稿，一星机器人尚未就解散原因作出官方回应。 李书福之子发起创立 研发阵容豪华 6月，来自上海AI ...

一家明星具身智能创业公司，从高调成立到悄然解散，竟不到半年时间。 一星机器人自诞生起便备受瞩目。 今年5月，公司由浙江吉利控股集团股东、吉利创始人李书福之子李星星发起创立。天眼查显示，李星星控制一星机器人65.66%股权。法定代表人潘运滨 同样来自吉利体系，曾任吉利卫星板块总裁，现任吉利科技集团旗下浙江晶能微电子有限公司董事兼总经理。 一星机器人定位于"具身智能"赛道，被外界视为吉利在机器人领域的关键布局。 6月，来自上海AI Lab的明星研究员、纽约州立大学计算机科学博士丁琰加入公司研发团队。 10月16日，关于具身智能创业公司苏州一星机器人（OneStar）解散的传闻持续发酵。经第一财经确认，该公司确实处于解散阶段，并有知情人士透 露，"有吉利背景的相关人员已经基本撤出"。 《每日经济新闻》记者（以下简称"每经记者"）随后查询一星机器人微信公众号，发现其内容已被清空。与此同时，公司联合创始人兼CTO（首席技术 官）丁琰的小红书账号简介显示，其一星机器人的工作经历截至今年10月。 10月17日，每经记者实地探访了一星机器人办公室所在地，发现其门口叠放着一些大件未拆封物品，公司的名称及logo（标识）已被拆下 ...

Core Insights - OneStar, a prominent embodied intelligence startup, has reportedly entered a dissolution phase less than six months after its establishment [1][7] - The company was founded by Li Xingxing, son of Geely's founder Li Shufu, and had a strong backing from Geely [8] - Despite rapid financing and product announcements, the company faced internal disagreements and overlapping business directions with Geely's other ventures [7][11] Company Overview - OneStar was established in May 2023, with Li Xingxing controlling 65.66% of the shares [8] - The company aimed to position itself in the "embodied intelligence" sector, seen as a key strategic move for Geely in the robotics field [8] - The research team included notable figures from Fudan University, Tsinghua University, and FastUMI, aiming to create a robust R&D framework [8] Financial Activities - Within four months of its founding, OneStar completed two rounds of financing, raising several hundred million yuan [9][10] - The first round of financing in August involved investors from Geely's ecosystem, while the second round in September attracted both market-oriented and industrial investors [10] Market Context - The embodied intelligence sector is anticipated to experience significant growth, with projections indicating that the market size in China could exceed 1.25 trillion yuan by 2027 [11] - The industry faces challenges such as high investment costs, heavy R&D demands, and low returns, necessitating effective strategies for scaling production and market entry [12]

Core Viewpoint - OneStar, a prominent startup in the field of embodied intelligence, has reportedly entered a dissolution phase less than six months after its establishment, with indications that key personnel linked to Geely have withdrawn from the company [1][7]. Company Overview - OneStar was founded in May 2023 by Li Xingxing, son of Geely's founder Li Shufu, who holds a 65.66% stake in the company. The legal representative, Pan Yunbin, also has a background in Geely, having previously served as president of Geely's satellite division [8]. - The company aimed to position itself as a key player in the robotics sector, focusing on embodied intelligence, and had assembled a strong research team, including collaborations with professors from Fudan University and Tsinghua University [8]. Recent Developments - As of October 16, 2023, reports confirmed that OneStar is in the process of dissolution, with its official WeChat account content cleared and its office showing signs of abandonment [1][3]. - The company had completed two rounds of financing within four months of its establishment, raising several hundred million yuan, with investors including Baidu Ventures and various industry-related investors [10]. Market Context - The embodied intelligence sector is currently experiencing significant growth potential, with projections indicating that the market size in China could exceed 12.5 trillion yuan by 2027. However, the industry faces challenges such as high investment requirements, heavy R&D costs, and low returns [10].

Core Insights - Suzhou OneStar Robotics, a startup in the embodied intelligence sector, is reportedly dissolving, raising concerns due to its short operational history and the fact that some employees did not complete their probation period [1][8] - The company was founded by Li Xingxing, son of Geely Group's founder, and was seen as a significant move for Geely in the robotics field [2][4] Company Background - OneStar Robotics was established in May 2023 with backing from Geely Holding Group, aiming to transition from an automotive company to a leading robotics firm globally [2] - The company had a strong leadership team, including Chairman Pan Yunbin, who has extensive experience in the Geely ecosystem, and a technical team composed of young talents from prestigious universities [4][10] Funding and Development - OneStar Robotics completed two rounds of financing, including a "friends and family" round in August and a seed round of several hundred million yuan, with investments from various Geely-related entities [5][6] - The company launched its first robot, "Star Wheel No. 1," in collaboration with Fudan University, aiming to accelerate the transition of research outcomes to industrial applications [6] Current Status - The company's official WeChat account has been cleared of all messages, and the office is reportedly left with few staff and unpacked items [8] - Some team members from CTO Ding Yan's group remain, but there are indications of internal disagreements within the founding team [10][12] Market Context - The dissolution of OneStar Robotics may be attributed to overlapping business directions with Qianli Technology, which is heavily supported by Geely and focuses on AI and robotics [14] - Qianli Technology, established in 1997 and publicly listed since 2010, is pivoting towards AI and robotics, with plans for a Hong Kong IPO, indicating Geely's strategic focus on consolidating resources in this area [15]