Constituents  ›  Veichi Electric

Veichi Electric伟创电气

688698.SH Components & actuators
Index weight
0.64%
Rank #36 of 41
Market cap
$1.7B
USD, live
PAI exposure
70%
Revenue from Physical AI
HQ
Suzhou
Founded 2013
Valuation
$1.7B · market cap
via Yahoo Finance · 2026-06-24

About

STAR Market-listed (688698.SH) industrial automation company providing full-set motion actuator solutions for humanoids. Products: rotary joint modules (harmonic/planetary), linear joint modules, hollow cup motor modules, frameless torque motors, dexterous hand power solutions. Joint ventures with Kedali for electromechanical integration. ¥1B robot project in Jiujiang (5,000 sets/year capacity).

Suzhou, Jiangsu · Founded 2013 · Company website

Why in the Index

Inverters, servo drives, and motion control for industrial automation.

PAI exposure of 70% reflects the share of trailing-twelve-month revenue attributed to Physical AI activities. See methodology §4 for inclusion criteria and §6 for how PAI exposure scales the weight.

Key Physical AI activities

  • Rotary Joint Modules · Actuator · 2024Harmonic and planetary series for humanoid joints
  • Linear Joint Modules · Actuator · 2024Linear actuators for humanoid robots
  • Hollow Cup Motor Modules · Motor assembly · 2024Integrated driver + BLDC motor + encoder + reducer
  • Frameless Torque Motors · Motor · 2024High-performance frameless torque motors for robotics

Key partnerships

  • Kedali (科达利, joint venture Weidali for electromechanical integration)
  • Kepler Robot (joint venture Suzhou Yizhi Lingqiao Drive for dexterous hands)
  • Yinlun (银轮)

Milestones

  • 2022—Established robot industry division
  • 2024—Signed ¥1B robot project in Jiujiang; ¥50M phase 1 investment with 5,000 sets/year capacity
  • 2024—Established Weidali joint venture with Kedali and Shanghai Moli
  • 2025—Established joint venture Suzhou Yizhi Lingqiao Drive with Kedali, Yinlun, and Kepler for dexterous hand development

Competitive position

Public company with strong industrial automation base. Full-set motion actuator solutions (rotary + linear + motors). ¥1B robot project in Jiujiang. Joint ventures with Kedali (leading structural parts supplier). 2024 revenue ¥1.64B.

Recent activity

No events tracked yet — this company is monitored daily.

For deeper company-level data including funding history, full timeline, and recent news, see this company's profile in our Humanoid Robotics Tracker.

Disclaimer

This profile is part of the China Physical AI Index — a public information product published by Tech Buzz China for informational and educational purposes only. It is not investment advice and is not a recommendation regarding Veichi Electric or any other security. Company data is based on public filings and TBC research; revenue-exposure estimates are point-in-time and subject to update. See the full methodology §11 and disclaimer page.