Physix Frontier · News Briefing Card (TMTPost · Nov 8, 2026)

PetroChina's Kunlun arm takes 60% of robotics JV with Unitree, Fanjie

KEY FACTS

The Beijing Municipal Market Supervision Administration disclosed that Kunlun Manufacturing and Kunlun Capital signed a joint venture agreement with Unitree Robotics and Fanjie Intelligence.
In the JV's equity structure, the Kunlun entities hold a combined 60%, while Unitree and Fanjie each hold 20%.
The JV focuses on industrial embodied-intelligence robot solutions, with the Kunlun side holding absolute control.
Kunlun Capital previously participated in Unitree's STAR Market strategic placement with 136 million yuan.
Fanjie Intelligence was founded in April 2026, incubated by Qiao Hong's team at the Institute of Automation, Chinese Academy of Sciences, and focuses on world models.

KEY DATA

60%Kunlun entities' stake in the JV

20%Unitree Robotics' stake

20%Fanjie Intelligence's stake

1.36亿元Kunlun Capital's investment in Unitree's strategic placement

PHYSIX OBSERVATION

PetroChina is using a 60% controlling stake to put hardware, models and acceptance standards into a single legal entity, aiming to control the right to define admission standards for station robots rather than simply doing R&D. But control only settles product definition; it does not settle field-data accumulation. Whether the Unitree body plus the Fanjie model can run through a full winter and be written into procurement specifications is the real test.

Source: TMTPost report