A Macroscopic Recap of The Road Traveled
China’s AGB/AMR export remained strong in 2023 with an anticipated growth rate of 25% year-on-year to a total of RMB 4.5 billion, according to New Strategy Institute of Mobile Robotics Research.
A Closer Look from a Microscopic View
Since the onset of the mobile robots boom in 2015, AGV/AMR export has been growing at a CAGR of 47.18%. A handful of star performers have emerged over the years. Hito Robotic System is one of the most recent players entering the global AGV/AMR arena.
Hito was awarded 2023 China Hidden Unicorn and honored as an outstanding enterprise among tech start-ups. It was off to a good start when it initiated its overseas endeavor in 2022. The company set North America and Europe its priority markets and soon nailed down a strategic cooperation agreement with Indiev.
In 2023, Hito rolled out its multi-staged plan drawn with Indiev with the establishment of two subsidiaries, one in Los Angeles, and the other Singapore, along with sales centers in multiple locations across Europe.
The rapid overseas expansion of Hito epitomized Chinese firms’ passion and speed in making its global drawing board an automated reality.
