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ABB and HASCO Partner on Smart Manufacturing in China

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VÄSTERÅS, Sweden, Jan. 5, 2022 — Automation technology company ABB and Chinese automotive parts supplier HASCO have established a joint venture to further develop smart manufacturing in China’s automotive industry. The venture will build on the existing relationship between the companies and will develop flexible and sustainable auto parts manufacturing within HASCO’s China-based operations.
A production line of ABB robots. Courtesy of ABB.
A production line of ABB robots. Courtesy of ABB.

The partnership includes a 40% stake by ABB in the joint venture, which will expand the use of smart technologies and AI within the industry. The joint venture is expected to begin in the second quarter of 2022. ABB will also open an advanced robotics factory in Shanghai in 2022, which will host an onsite research and development center.

Both parties agreed not to disclose further details about the investment.




Published: January 2022
Glossary
machine vision
Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
artificial intelligence
The ability of a machine to perform certain complex functions normally associated with human intelligence, such as judgment, pattern recognition, understanding, learning, planning, and problem solving.
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