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The latest announcement is out from Johnson Electric Holdings ( (HK:0179) ).
Johnson Electric Holdings Limited has announced the formation of two joint ventures in China with Shanghai Mechanical & Electrical Industry Co., Ltd. to expand into the humanoid robotics sector. The joint ventures, based in Shanghai and Shenzhen, will focus on sales, research and development, and manufacturing of humanoid robotic solutions, marking a significant step in the company’s strategy to enhance its presence in the fast-growing robotics market.
The most recent analyst rating on (HK:0179) stock is a Buy with a HK$22.00 price target. To see the full list of analyst forecasts on Johnson Electric Holdings stock, see the HK:0179 Stock Forecast page.
More about Johnson Electric Holdings
Johnson Electric Holdings Limited is a company incorporated in Bermuda, operating in the electromechanical equipment manufacturing industry. The company, through its subsidiaries, focuses on providing advanced robotic solutions for commercial, industrial, and consumer applications.
Average Trading Volume: 7,610,126
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.49B
For an in-depth examination of 0179 stock, go to TipRanks’ Overview page.