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- The 2026 World Manufacturing Convention2026 World Manufacturing Convention Opens in Hefei, AnhuiThe 2026 World Manufacturing Convention opened in Hefei, Anhui province, on September 20 under the theme "Intelligent Manufacturing for a Better Future." This is the eighth consecutive year Anhui has hosted the convention. The United Kingdom is...
- ABB’s new direct current portfolio aims to rewire AI data center energy infrastructureCompanies: ABB GroupABB today announced the launch of Infinitus, a portfolio of direct current (DC) solutions designed to manage the increasing power demands of AI data centers. The portfolio will accelerate the adoption of DC architectures in data centers, improving energy efficiency and reducing power infrastructure footprint, while increasing available computing capacity. ABB expects other energy-intensive industries to make the same transition.
- Direct Drive Tech Limited, The Robotics Technology Company with Direct Drive Technology as Core Capability, Announces its Plan to List on the Main Board of the Hong Kong Stock Exchange, Offer Price of HK$21.60 per ShareHONG KONG, Sept 21, 2026 - Direct Drive Tech Limited (the “Company”, stock code: 06731) announces its Global Offering and the listing of Shares on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”). According to the listing documents, Direct Drive Tech Limited is a robotics technology company with direct drive technology as company’s core capability. Company primarily engage in the sales of robotic actuator modules, and to a lesser extent, robots, in China. Company operate in (i) PRC consumer robotic actuator module industry, a sub-segment representing 26.3% of PRC robotic actuator module industry and (ii) PRC wheel-legged and PRC dual-wheel-legged robot industry in China, sub-segments representing less than 1.0% of the PRC robot industry. Company serve subsegments of the PRC robotic actuator module industry and PRC robot industry, specifically (i) PRC consumer robotic actuator module industry and (ii) PRC wheel-legged robot industry. From company’s inception to June 30, 2026, company’s robotics technology has empowered over 7.5million robots across consumer, industrial and commercial application scenarios, as well as embodied intelligence robots. Direct Drive Tech Limited plans to offer an aggregate of 50,000,000 Shares (subject to the Over-allotment Option) under the Global Offering, of which 47,500,000 Shares (subject to reallocation and the Over-allotment Option) will be offered by way of International Offering, and 2,500,000 Shares (subject to reallocation) will be offered in the Hong Kong Public Offering. The Offer Price will be HK$21.60 per Offer Share, with the board lot size of 100 shares. The Hong Kong Public Offering commenced on Monday, 21 September 2026 and is expected to close at 12:00 noon (at 11:30 a.m. for completing electronic applications under the White Form eIPO service) on Thursday, 24 September 2026. Dealings in H Shares on the Stock Exchange are expected to commence on Tuesday, 29 September 2026. Direct Drive estimates that company will receive net proceeds from the Global Offering of approximately HK$982.5 million, after deducting underwriting commissions, fees and estimated expenses payable by us in connection with the Global Offering, assuming the Over-allotment Option is not exercised and an Offer Price of HK$21.60 per Offer Share. The company intend to use the net proceeds of the Global Offering for the following purposes: approximately 50.0%, or HK$491.3 million, will be used to enhance R&D capabilities in key robotics technologies; approximately 20.0%, or HK$196.5 million, will be used to deepen collaboration with industry partners and broaden sales network; approximately 20.0%, or HK$196.5 million, will be used for improving production capability and efficiency; approximately 10.0%, or HK$98.3 million, will be used for working capital and general corporate purposes. The Company has successfully procured HK Technology Innovation and JSC International (for and on behalf of Shenghai SP) as cornerstone investors, the Cornerstone Investors have agreed to, subject to certain conditions, subscribe, or cause their designated entities to subscribe, at the Offer Price, for such number of Offer Shares (rounded down to the nearest whole board lot of 100 H Shares) that may be purchased for an aggregate amount of approximately HK$472.0 million (the “Cornerstone Placing”). CITIC Securities (Hong Kong) Limited is the sole sponsor. CLSA Limited serves as sponsor and Overall Coordinator. The joint global coordinators, joint bookrunners, joint lead managers and capital markets intermediaries comprise CLSA Limited, China Harbour International Securities Limited, CMB International Capital Limited and Futu Securities International (Hong Kong) Limited. Neutral Financial Holding Company Limited as an additional joint bookrunner, joint lead manager and capital markets intermediary. About Direct Drive Tech Limited Direct Drive Tech Limited was established in 2020 and is a "little giant" enterprises. As a Globally Leading Robotics Technology Company With direct drive technology as core capability, Adhering to the corporate mission of "bringing robots into every household", Direct Drive Tech is committed to making robots more efficient, dexterous and intelligent. The company currently boasts a team of over 400 members, including several Ph.D. holders and dozens of master's degree holders, with over 40% being R&D personnel, The Company has formed three major robot technology platforms: (1) The robotic actuator module technology platform; (2) The wheel-legged robot technology platform; (3) The modular reconfiguration technology platform.
- Telix and ITM Join Forces to Create a Radiopharmaceutical PowerhouseTransformational merger reinforces Telix's long-term growth strategy as a vertically integrated radiopharmaceutical company with enhanced capabilities across development, isotope production and global manufacturing, underpinned by commercial excellence and the industry's most extensive...
- Global TimesGlobal Times: Xi stresses sustained efforts to expand, strengthen advanced manufacturingChinese President Xi Jinping has urged sustained efforts to expand and strengthen advanced manufacturing to provide strong support for advancing Chinese modernization. Xi, also general secretary of the Communist Party of China (CPC) Central...
- Changjiang DailyWuhan Intelligent Manufacturing Stuns Global MayorsA report from Changjiang Daily. On Sept. 19, guests attending the Global Mayors Dialogue•Wuhan stepped into the Xiaomi Smart Home Appliance Factory in Wuhan! From automated assembly lines to the future of smart living, our international...
- GACGAC Cambodia KD Plant Starts Production, Setting a New Benchmark for Localized ManufacturingCompanies: Guangzhou Automobile Industry GroupOn September 17, the inauguration ceremony of GAC Cambodia KD Plant was grandly held in Kampong Chhnang Province. Cambodian Prime Minister Hun Manet and Chinese Ambassador to Cambodia Wang Wenbin attended the ceremony, while Jiang...
- FCEL Class Action Reminder: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the FuelCell Energy, Inc. Class Action LawsuitRobbins LLP is Investigating Allegations that FuelCell Energy, Inc. Misled Investors Regarding its Manufacturing Capacity
- Kikkoman Foods, Inc.KIKKOMAN FOODS, INC. OFFICIALLY OPENS THIRD U.S. PRODUCTION FACILITY IN JEFFERSON, WISCONSINNew state-of-the-art brewing plant expands North American production capacity and fuels local job growth — Kikkoman Foods, Inc. (KFI), the U.S. manufacturing arm of the world's leading soy sauce brand, today celebrated the official grand...
- BMI Resins Market Advances as Aerospace Production Expands Demand for High-Temperature Composite MaterialsThe BMI Resins Market is projected to reach USD 1.29 Billion by 2035, growing at a 4.97% CAGR, while the U.S. market is expected to reach USD 0.39 Billion, advancing at 4.50% CAGR, as aerospace manufacturing increases demand for high-performance composites.
- Nexus Industrial REIT Announces Successful $300 Million Unsecured Debenture OfferingNot for distribution in the United States or dissemination through U.S. news or wire services
- Italy ASIC Market Outlook 2026–2031: Demand for Customized, High-Performance Chips Unlocks New Growth OpportunitiesItaly’s ASIC opportunities center on EVs, ADAS, industrial AI, edge computing and data centers, supported by chip design investment, advanced packaging and partnerships.