After taking control of Shangwei New Materials, ZHIYUAN ROBOTICS has invested in an embodied intelligence company.

On November 28, Jiemian News learned from Tianyancha that Zhishen Technology (Beijing) Co., Ltd. has undergone industrial and commercial changes. Zhiyuan Innovation (Shanghai) Technology Co., Ltd., an affiliated company of Zhiyuan Robotics, has been added as a shareholder. Meanwhile, the registered capital has increased from approximately 21.326 million yuan to about 21.499 million yuan.

Data source of the shareholder information of Zhishen Technology (Beijing) Co., Ltd.: Tianyancha

Zhishen Technology was established in December 2023, with Huang Kun as its legal representative. Its business scope covers multiple fields such as the research and development of intelligent robots, the manufacturing of Internet of Things devices, the sales of intelligent robots, and the software development of artificial intelligence theories and algorithms. Public information shows that in the field of embodied intelligence, the company mainly covers the entire process from the research and development of core components to the intelligent manufacturing of complete machines. Currently, the company is jointly held by Guan Mingyao, Fu Jianrong, Tianjin Haihai Enterprise Management Consulting Partnership (Limited Partnership), and the above - mentioned new shareholder.

This is also the latest investment move of Zhiyuan Robotics, but the specific shareholding ratio has not been announced. According to Tianyancha, currently, Zhiyuan Robotics has directly invested in more than 40 companies and indirectly invested in 12 companies.

Data source of some external investment information of Zhiyuan Robotics: Tianyancha

ZhiYuan Robotics (AgiBot) is a Chinese intelligent robot brand established in February 2023, affiliated with Shanghai Zhiyuan New Technology Co., Ltd. It was founded by Peng Zhihui (ZhiHui Jun), a former "Genius Youth" of Huawei.

Since its establishment, the company has completed multiple rounds of financing and released its first bipedal humanoid robot, "Yuanzheng A1". In 2024, Zhiyuan Robotics launched five commercial models in the "Yuanzheng" and "Lingxi" series, and Lingxi X1 was officially open - sourced globally later.

In 2025, it achieved mass production of general - purpose robots, with a cumulative output of over a thousand units. It also released products such as the quadruped robot D1 series, Lingxi X2, and Zhiyuan Elf G2, and launched the Lingchuang platform.

While accelerating the development of robot - related products, the company has been active in capital operations and industrial layout. Since its establishment, it has invested in or jointly established many companies with various external industrial parties and institutions. Its business directions are wide - ranging, covering the body and large models, key components, etc. in the field of embodied intelligence.

In the field of body and large models, Zhiyuan has invested in companies such as Digital Huaxia, Shouxing Technology, Lingchu Intelligence, and Xingyuanzhi Robotics. Among them, Digital Huaxia and Zhiyuan Robotics jointly developed the bionic robot Xia Lan. The Psi R1 model launched by Lingchu Intelligence has the autonomous reasoning ability based on the "Chain of Action Thought (CoAT)" framework.

In the field of key component enterprises, Zhiyuan has also made investments, including Qianjue Robotics, Linghou Robotics, and Fuxing Motor. The core products of Qianjue Robotics include high - resolution multimodal tactile sensors; the products of Linghou Robotics cover visual components and motion components such as linear motors; Fuxing Motor produces a full range of servo motors. Judging from the main businesses of the invested enterprises, Zhiyuan Robotics may hope to improve the stability of its supply chain and promote the coordinated development of body development and component technology.

In addition to the above investments, the most attention - grabbing move of Zhiyuan Robotics recently is undoubtedly its acquisition of Shangwei New Materials. On November 6, Zhiyuan Robotics completed a tender offer for Shangwei New Materials, holding 240 million shares of Shangwei New Materials, accounting for 58.6232% of the total share capital. Its persons acting in concert hold a total of 260 million shares of Shangwei New Materials, accounting for 63.6232% of the total share capital.

On the evening of November 25, Shangwei New Materials issued an announcement stating that at the board meeting, Peng Zhihui was elected as the chairman of the fourth - term board of directors, and Tian Hua was elected as the Chief Executive Officer (CEO) and the legal representative. At the same time, the board also elected several directors and management personnel.

Previously, the market rumored that Zhiyuan Robotics planned to list in Hong Kong next year, with a valuation of between $5.1 billion and $6.4 billion, but relevant officials of Zhiyuan have denied the news. Shangwei New Materials also stated in the announcement that there is no plan for Zhiyuan Innovation to backdoor list in the short term.

This article is from "Jiemian News", reporter: Song Jianan, published by 36Kr with authorization.