On June 11, Muxi and UBTECH signed a strategic cooperation agreement in Nanjing, officially launching a joint venture called Xixuan Chuangzhi Technology (Wuxi) Co., Ltd. to focus on the R&D and mass production of embodied intelligence chips. According to public records, Xixuan Chuangzhi has a registered capital of 1 billion yuan, jointly established by listed companies including Muxi, UBTECH, and Fenglong. Muxi and UBTECH each hold a 35.01% stake as the largest shareholders, with Fenglong holding 4.7%.
Chen Weiliang, Chairman of Muxi, will serve as the company’s Chairman, while Zhou Jian, founder, Chairman of the Board, and CEO of UBTECH, takes on the role of Vice Chairman. Yang Xianbo, former Senior Vice President and President of the Industry BG at H3C, has been appointed CEO, responsible for strategy implementation, technology development, and market operations.
