On October 16, as reported by QbitAI, OneStar, a prominent player in the embodied artificial intelligence arena, declared its dissolution on the very same day. Its official WeChat public account had already purged all its content. Established in May 2025 by Li Xingxing, the son of Li Shufu and a shareholder of Geely Holding Group, the company carved out its niche in the embodied AI domain. Its core strategy centered around "reverse AI development," a concept that entails propelling algorithm and production line enhancements through real-world task scenarios. Post-establishment, the company wasted no time in putting together a research team. This formidable group comprised Professor Jiang Yugang's team from Fudan University, Professor Wang Yu's team from Tsinghua University, and the international FastUMI data collection team. In July, the company successfully closed a "friends and family round" of financing, securing hundreds of millions of yuan. The following month, it forged a partnership with Fudan University to set up a joint laboratory and also unveiled its inaugural "Xinglun 1" wheeled dual-arm robot. In September, it managed to raise another substantial amount, in the hundreds of millions of yuan, in seed funding from investors like Baidu Ventures and Galaxy General. However, the precise reasons behind the company's abrupt dissolution remain shrouded in mystery, as no official disclosure has been made. Whispers in the industry suggest that the company might be split into two entities for future management. Businesses linked to Geely are expected to revert to the group, while the embodied technology team may opt for independent entrepreneurship.
