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China-based humanoid robot developer Galbot completed a RMB 2.5 billion funding round. Investors include the China Integrated Circuit Industry Investment Fund, Sinopec, CITIC entities, and SAIC Motor's financial arm. The company will develop its embodied large model and advance commercialization. Founded in May 2023, Galbot has orders from CATL, Bosch, Toyota, BAIC Group, and SAIC Motor.
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