Beijing Municipal Administration for Market Regulation posted a public notice
that China National Petroleum Group Kunlun Manufacturing Co., Ltd. and Unitree
Technology Co., Ltd. among other parties have filed to establish a joint
venture; notice period runs Nov 4–13, 2026. Under the agreement, Kunlun
Manufacturing and its concert party China National Petroleum Group Kunlun
Capital Co., Ltd. will hold 60% of the JV, while Unitree Technology and Beijing
Panjie Intelligent Technology Co., Ltd. will each hold 20%. The JV will provide
industrial embodied intelligent robot solutions; Kunlun Manufacturing, Unitree
and Panjie will jointly control the company.