Inovance
Inovance Technology was founded in 2003 and is headquartered in Shenzhen, Guangdong (listed: 300124.SZ (since 2010)). Inovance Technology was founded in April 2003 in Shenzhen by Zhu Xingming and ex-Huawei engineers ('Little Huawei'). It is China's largest industrial automation company and its 2nd-largest domestic industrial-robot producer.
Sells the full stack: servo drives, VFDs, PLCs, controllers, vision and robots, plus NEV powertrains. 2023 revenue was 30.42B yuan.
Key Products & Indicative Prices
| Product | Indicative Price | Specs |
|---|---|---|
| Servo systems & drives | n/a | Core business; leading domestic servo brand vs Japanese/European rivals |
| PLCs & VFDs | n/a | Controllers and variable frequency drives for factory lines |
| Industrial robots | n/a | Six-axis and SCARA arms; 2nd-largest domestic maker |
What Sets Them Apart
Architectural advantage: owns drives, controllers and robots together for single-source motion stacks. Proven import substitution against Yaskawa/Mitsubishi/Siemens.
Recent Developments
- 2026-04 — Submitted application for a Hong Kong listing (Reuters).
- 2026-10 — At CIIF Shanghai, showed a liquid-cooled humanoid on a welding line and a seven-axis force-control arm.
Procurement Notes
n/a - project pricing via distributors/integrators; no public robot list prices found.