On May 21, Qingdao Techstar Intelligent Equipment Co., Ltd. under Qingdao Doublestar signed the joint venture agreement with MOVEX Company of Korean Hyundai, both parties would jointly invest and establish a joint venture to vigorously develop intelligent logistics business of the industries such as tire, cold chain and medical, and would jointly develop key equipment and core technologies for intelligent logistics aiming at Chinese market to help improve the industrial level of China’s intelligent manufacturing.

MOVEX Company is a globally leading supplier of overall solution of logistics system, which is a world leader in the aspect of intelligent (automatic) logistics and possesses first-rate technical development ability. Techstar aims at building intelligent logistics and industrial robot brand with global influence and plays an important role for Doublestar to build an intelligent factory with “industry 4.0” during the whole process. This time, Techstar and MOVEX Company’s establishing a joint venture will build a globally leading industrial intelligent logistics brand and help improve the industrial level of China’s intelligent manufacturing.