Gasgoo Munich- The Boyuan-Galbot project officially signed an agreement to settle in Suzhou on April 2, according to a report by Suzhou Daily.
Image Source: Suzhou Daily
Boyuan-Galbot is a joint venture equally funded by Boyuan Capital and Galbot. Boyuan Capital serves as the market-oriented industrial investment platform for the Bosch Group, while Galbot is an innovative enterprise focused on R&D for embodied intelligence and general-purpose robots. The JV plans to invest 1 billion yuan to establish its headquarters in the Suzhou Industrial Park, where it will also build a base for R&D and the industrialization of embodied intelligence robots tailored for industrial manufacturing scenarios.
The Suzhou municipal government stated that the city remains committed to an industry-driven economy, boasting three industrial clusters each worth over 1 trillion yuan in electronic information, equipment manufacturing, and advanced materials. Currently, Suzhou is seizing opportunities in artificial intelligence to aggressively promote an "AI + Manufacturing" development model. The strategic layout by Boyuan Capital and Galbot aligns closely with the city's industrial direction. Suzhou plans to support the project's production and the company's innovation by leveraging policy incentives, resource guarantees, and opening up application scenarios—all guided by enterprise needs.
Jiang Hongquan, chairman of Boyuan Capital, and Yao Tengzhou, president of Galbot, expressed confidence in Suzhou's comprehensive industrial support, superior business environment, and rich application scenarios, noting the city's significant potential for AI industry growth. Both parties plan to use this signing as a springboard to deepen technological innovation and strengthen financial backing. Their goal is to attract upstream and downstream enterprises to Suzhou, thereby boosting the development of the local intelligent manufacturing sector.
