The CEO of Kuka, one of the biggest industrial robot makers, said in an interview in the Financial Times on Sunday that the company is planning to make a personal consumer robot.
Germany-based Kuka was bought by Chinese home appliance maker Midea last year in a $5 billion deal. Industrial robots from Kuka are used to build cars for Tesla and airplanes for Boeing.
“Midea is not doing any robotics or automation, so Kuka is automation for Midea,” said CEO Till Reuter. “And they are very well connected to the consumer industry. So together we want to do consumer robotics.” The home robotics market is projected to reach 4.4 billion by 2025. RE