温馨提示 ： 点击下方图片，查看运营团队最新原创报告（共235页） 说明： 欢迎约稿、刊例合作、行业交流 ， 行业交流记得先加入 " 机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微 信； 若有侵权、改稿请联系编辑运营（微信：li_sir_2020）； —— 全球人形机器人创企们目前普遍面临价值性场景商业化落地难题，退而求其次专注于科研、展示、表演场景；因 此，押注工业场景落地的开普勒K2"大黄蜂"，本次量产交付意义重大，是对开普勒公司技术、产业链和工程化能 力的全方位考量，也预示公司将开启规模化量产交付新阶段。 随着K2"大黄蜂"量产交付，真正让人形机器人产品实现"买得到-用得起-干实事"的商业化闭环，打破人形机器人 是大玩具的枷锁， 推动整个人形机器人行业从技术竞争迈向实用主义与规模普及， 开启全球人形机器人落地新 篇章。 近日，公司还携手露笑科技（002617.SZ）共同推进新一代家庭AI具身机器人的研发与产业化；该合作以开普勒 为核心技术主导方，聚力实现 三年百万台 销售目标，共同打造中国家庭具身AI服务机器人，抢占全球市场制高 点。 正文： 24.8万元起、 数千台合同 意向订单 ...

相比之下，以往略显落寞，人形机器人老炮[优必选]本月在商业化和二级市场两方面都迎来重大突破。 接下来，小编从技术路线、商业化进展以及二级市场三方面聊一聊[智元机器人]、[宇树科技]和[优必选]： 技术路线： 温馨提示 ： 点击下方图片，查看运营团队最新原创报告（共235页） 说明： 欢迎约稿、刊例合作、行业交流 ， 行业交流记得先加入 " 机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微信； 若有侵权、改 稿请联系编辑运营（微信：li_sir_2020）； 正文： 国内人形机器人三大顶流公司： [智元机器人]、 [宇树科技]和[优必选] 经历WAIC2025、2025WRC两大盛会后，本月 国内人形机器人创企们技术和商业化皆迎来瓶颈期，包括国内两大顶流创企[智 元机器人]和[宇树科技]，本月两者最大看点则是在二级市场层面。 小编往期文章： 人形机器人发展路线之争："大脑"优先，还是"运动"优先？ 有提到：大模型决定了人形机器人泛化能力，是现 阶段人形机器人商业化核心壁垒。 商业化路线及进展： —— [优必选]作为国内最早研发人形机器人公司， 具备人形机器人领域全栈式（本体、小脑和大脑）技术 ...

Core Viewpoint - The article discusses the recent developments in the robotics sector, particularly focusing on Tesla's Optimus and the T-chain, highlighting the correction of misinformation regarding a supposed order for 10,000 units of Optimus, which was deemed false [3][6][7]. Summary by Sections Tesla Optimus Developments - The article mentions that the initial negative news regarding Tesla's Optimus was proven false, leading to a more rational perspective on the situation [3][4]. - A significant point of contention was a report from PharmAGRI claiming a letter of intent for 10,000 units, which was later denied by Elon Musk, indicating that the information was misleading [3][6]. Market Reactions - Following the clarification of the misinformation, Tesla's stock rose over 2%, showing resilience against the perceived negative news [6]. - The article notes that the robotics sector experienced volatility, with significant fluctuations in stock prices, particularly among T-chain companies [4][7]. External Supplier Insights - Recent communications from potential T-chain suppliers indicate positive developments, with clear order guidance from Tesla and successful collaborations with Tier 1 suppliers [8][9]. - Specific suppliers have reported progress in developing robotic modules and are entering testing phases, which bodes well for the overall supply chain [9]. Upcoming Events and Expectations - The article outlines key upcoming events that could impact the robotics sector, including Tesla's production meetings and the anticipated IPO of Yushutech, which are expected to generate further interest and investment [11]. - The overall sentiment in the robotics sector is cautiously optimistic, with expectations for more positive developments in the fourth quarter [11].

温馨提示 ： 点击下方图片，查看运营团队最新原创报告（共235页） 说明： 欢迎约稿、刊例合作、行业交流 ， 行业交流记得先加入 "机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微 信； 若有侵权、改稿请联系编辑运营（微信：li_sir_2020）； 正文： 9月第三周，真利好、"假"利空，特斯拉及Optimus各类消息持续催化下， 机器人板块走出 " 过山车 "似的独立 行情，T链先行（"齐飞"到"暴跌"） 和本月前两周类似，人形机器人四大核心供应链中，本周机器人板块，利好催化主要来自于特斯拉Optimus，其 次是宇树科技和Figure AI，后两者可忽略。 意料中的9月15日（周一 ） ： 意料中的机器人板块大爆发，尤其是T链们 （T1、T2、新晋T链和潜在T链）。 核心催化事件是源于上周末特斯拉及Optimus 相关利好事件催化（特斯拉股价连续两天大涨、T1供应商ZJRT最 新交流纪要 （披露出Optomus超预期进展和较大量产指引） 和新一轮订单及审厂） （小编在 上周 "机器人头条"知识星球 产 业链周资讯有提到并已梳理T链及重点利好企业） 。 最终，如上文所提到T链们齐飞， ...

温馨提示 ： 点击下方图片，查看运营团队最新原创报告（共235页） 说明： 欢迎约稿、刊例合作、行业交流 ， 行业交流记得先加入 " 机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微信； 若有侵权、改稿请联系编辑运营（微 信：li_sir_2020）； —— 正文： 最新资讯， [元璟资本]投资合伙人、原[理想汽车]CTO王凯已入局具身智能赛道创业，目前已完成约5000万美元融资。 创始人王凯（先生） ：现 [元璟资本]投资合伙人，2020年9月-2022年3月期间，担任[理想汽车]CTO（M11），全面负责智能汽车先进 技术的研发工作，包括电子电气、智能座舱、自动驾驶、算力平台、LiOS（操作系统）等，曾带头创造了7个月智驾量产上车的奇迹；加入理想汽 车之前，曾在[伟世通]工作8年，最高担任伟世通全球首席架构师及高级驾驶辅助系统总监，是伟世通自动驾驶平台DriveCore的创始设计人；2002 年到2012年期间，先后在诺基亚、Detection Technology、大唐微电子、方舟科技等全球多家顶尖技术公司任职，从事研发工作。 另外一位联创则是来自于头部造车公司的辅助驾驶核心技术高管 ...

Core Viewpoint - Tesla has signed a letter of intent with PharmAGRI Capital Partners to deploy up to 10,000 units of the Optimus Gen3 robot for agricultural operations and pharmaceutical manufacturing, aiming to enhance labor compliance and efficiency [2][5]. Group 1: Tesla and Optimus Developments - The deployment of Optimus Gen3 robots is intended to eliminate low-wage repetitive tasks and elevate labor to higher-wage technical positions [2]. - The robots are designed to meet all DEA and FDA compliance requirements and can independently generate global inventory reports [2]. - Recent news indicates that Tesla's Optimus has received significant external orders, marking a notable milestone for the company [5]. Group 2: Market Reactions and Stock Performance - Following the announcement of the Optimus developments, Tesla's stock has seen a substantial increase, with a nearly 14% rise over two days [9]. - The market for robotics, particularly the T-chain, has been positively influenced by Tesla's announcements, leading to a surge in related stocks [10]. - The overall sentiment in the robotics sector remains optimistic, with expectations for continued independent market performance driven by Tesla's advancements [10]. Group 3: Future Outlook and Strategic Plans - Elon Musk has indicated that approximately 80% of Tesla's future value may derive from the Optimus robot [8]. - A potential compensation plan for Musk is tied to the delivery of 1 million humanoid robots over the next decade, highlighting the strategic importance of this initiative [8]. - The upcoming quarter is anticipated to bring more core catalytic events for the robotics sector, with a focus on Tesla's ongoing developments [10].

Core Viewpoint - The robotics sector is experiencing a significant independent rally driven by positive catalysts from Tesla and its Optimus humanoid robot, particularly impacting the T-chain supply chain [2][3][11]. Group 1: Market Performance - The robotics sector saw a substantial surge, particularly among T-chain companies, following positive developments related to Tesla's Optimus [3][4]. - On September 15, Tesla's stock price increased nearly 14% over two days, contributing to the positive market sentiment [3]. - On September 16, Elon Musk's purchase of over 2.5 million Tesla shares, valued at approximately $1 billion, further boosted market confidence [5][6]. Group 2: Key Catalysts - Key catalysts for the robotics sector include advancements in Tesla's Optimus and insights from industry experts regarding its progress [3][4]. - A new Tier 1 supplier, ZJRT, reported that Tesla's Optimus development exceeded expectations, indicating more production guidance and upcoming factory audits [3][4]. - Musk's announcement of upcoming meetings regarding AI and Optimus developments is expected to positively influence the market [8]. Group 3: Emerging Companies - Several potential T-chain companies have emerged, including BJ and SSGF, which are gaining attention for their contributions to the robotics supply chain [4][6][7]. - The market is witnessing the rise of new players like Figure AI, which recently completed a $1 billion Series C funding round, indicating strong investor interest in the humanoid robotics space [9]. Group 4: Future Outlook - The robotics sector is anticipated to continue its independent rally, with more potential T-chain companies expected to surface as Tesla's new factory audits progress [11]. - The upcoming quarter is crucial, as it may bring additional core catalysts for the robotics sector, although the current landscape lacks definitive positive events [11].

温馨提示 ： 点击下方图片，查看运营团队最新原创报告（共235页） 说明： 欢迎约稿、刊例合作、行业交流 ， 行业交流记得先加入 " 机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微信； 若有侵权、改稿请联系编 辑运营（微信：li_sir_2020）； 正文： 正式官宣， "硅谷系"具身智能机器人创企 [ Dyna Robotics]完成1.2亿美元A轮融资！ 9月16日， 中美两地同时组建团队、 "硅谷系"具身智能机器人创企 【 Dyna Robotics】（ 达纳灵动）官 宣完成 1.2亿美元A轮 融资，本轮融资由 Robostrategy、CRV、firstroundcapital领投，salesforce venture、NVIDIA、Amazon、Samsung next和LG Technology Ventures共同投资。 小编上周（9月8日）刚发文章，透露：" [Dyna Robotics]正进行新一轮融资，预计融资额超1亿美元，目前 正在考虑多 个投资报价，估值达 6 亿美元（含本轮投资） "。 公司上一轮可追溯到 2025年3月26日，完成由硅谷著名VC CRV 和 F ...

温馨提示 ： 点击下方图片，查看运营团队最新原创报告（共235页） 说明： 欢迎约稿、刊例合作、行业交流 ， 行业交流记得先加入 "机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微 信； 若有侵权、改稿请联系编辑运营（微信：li_sir_2020）； 正文： 融资超24亿、商业化先驱、"北大"系人形机器人创企[银河通用]估值超百亿！ 据机构最新透露， "北大系"人形机器人创企 [ 银河通用 ]最新估值已超100亿，接近[宇树科技]的120亿元，成为 继智元机器人、宇树科技之后，国内第三家估值超百亿人形机器人创企。 从产品和技术层面考量，目前国内人形机器人创企粗略可分为两大阵营，以[宇树科技]、[众擎机器人]为代表的以 运动能力为亮点的"硬件派"和以[智元机器人]、[ 银河通用 ]为代表的以具备强大AI能力为亮点的"软件派"。 不同于[智元机器人]采用 "高举高打" 发展模式， 多产品线、多商业化场景落地路线；也不同于[宇树科技]持续性 推出更具性价比人形机器人，打破价格底线，专注于科研教育、娱乐表演场景， [银河通用]则是更专 注于一款产 —— （创始人兼CTO）王鹤（博士）： 是拥有海外 ...

Core Insights - The robotics sector experienced a volatile market in the second week of September, with significant movements driven by Tesla's Optimus developments [2][4] - Key catalysts for the robotics sector included Tesla's announcements regarding Optimus, which are expected to accelerate production and enhance market presence in China [6][4] - The market saw a mix of gains and losses among Tier 1 and Tier 2 suppliers, with notable performances from companies like ZJRT and JSDZ [7][12] Summary by Sections - **Market Performance**: The robotics sector continued its "roller coaster" trend, with a notable divergence among key players, particularly influenced by Tesla's Optimus news [2][4] - **Key Events**: The anticipated surge in the robotics sector on September 8 was primarily driven by Tesla's announcements, which included a significant compensation plan for Elon Musk and the establishment of an official Weibo account [4][6] - **Supplier Dynamics**: Several Tier 1 and Tier 2 suppliers, including ZJRT and JSDZ, saw stock price increases, while new potential suppliers emerged, indicating a dynamic supply chain landscape [7][11] - **Market Reactions**: Following the initial surge, the sector faced a pullback on September 9, with limited positive developments and a focus on the comments made by industry leaders [8][12] - **Technological Insights**: Discussions from industry leaders highlighted the technical challenges in robotics, particularly regarding joint modules and dexterous hands, which could impact competitive positioning [9][15] - **Future Outlook**: The sector is expected to remain in a holding pattern until further developments from Tesla's Optimus project, with potential new Tier 1 suppliers likely to emerge [21][19]