Zhejiang Rongtai (603119.SH) plans to set up a joint venture with Weichuang Electric in Thailand to jointly develop the mechatronic market for intelligent robots

Zhitong Finance App News, Zhejiang Rongtai (603119.SH) announced that on December 26, 2025, the company and Suzhou Weichuang Electric Technology Co., Ltd. (“Weichuang Electric”) jointly signed a “Joint Venture Letter of Intent”. The company and Weichuang Electric plan to jointly fund the establishment of a joint venture in Thailand, mainly engaged in the R&D and production of mechatronic components, intelligent transmission systems and supporting products, and jointly develop and apply to the mechatronic market for intelligent robots.

The letter of intent for cooperation signed this time clarifies the basic cooperation model between the two sides in the industrial field and establishes a good foundation for the signing of the final agreement. The company will rely on its own customer and brand advantages, and rely on each other's technical accumulation in the field of electric transmission to jointly develop and apply it to the mechatronic market for intelligent robots, give full play to the technical and resource advantages of both parties, and cooperate for a win-win situation.