温馨提示 ： 点击下方图片，查看运营团队最新原创报告（共260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： 节前正式结束，Optimus V3未亮相，T链们走势中规中 矩，静待节后！ Optimus V3亮相在即， 特斯拉2月开启新一轮审厂，T链再"缩圈"，核心标的越发明朗 ， " 新T链 "们，来了！ 小编2月初文章提到，2月T链核心催化点是Optimus V3亮相； 需要重点关注标的是1月已前往北美沟通标的、确 定性标的和2月对T新晋 利好标的；意外催化是特斯拉2月高规格审厂（中国和泰国）。 回顾一下2月以来T链们行情，基本和小编在星球内预测一致，行情主要围绕北美沟通标的、 新晋 利好标的（含 审厂标的）；因缺乏官方核心利好（ V3未亮相 ），资金明显呈现 "炒新不炒旧"和寻找新增量标的趋势。 回到本篇文章重点"新T链"们： 特斯拉早期对供应商是开放的，包括审厂、签署NDA、获得 DMF 以及送样阶段，难的是送样通过以及后续一些 列阶段 ...

温馨提示 ： 点击下方图片，查看运营团队最新原创报告（共260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： " 鸿蒙造 "人形机器人产品，要来了？ 最新资讯，开源鸿蒙生态的核心共建单位 [ 深开鸿 ]已于1月29日成立子公司[ 开鸿启源创新中心 （深圳）有限公 司]， "鸿蒙之父"、 深开鸿CEO王成录担任法人，股东名单中除了同为开源鸿蒙核心共建单位的[中软国际]以及深 圳地方国企外，深圳人形机器人创企[ 数字华夏 ]奕位列股东名单。 [深开鸿] 作为开源鸿蒙（OpenHarmony）生态的核心共建单位，长期致力于推动鸿蒙系统在千行百业的应用落 地。 —— 当前国际格局风云变幻，人工智能赛道上的中美竞争日益激烈， 打造全国产化的人形机器人控制平台 —— 从底 层芯片到操作系统、再到算法模型的全栈能力已迫在眉睫 。 深开鸿和数 字 华夏 的 本次合作能否实现行业破 局， 打造 出不依赖美国软硬件平台的人形机器人产品， 值得期待 ！ ... . ...

Core Viewpoint - The upcoming release of Optimus V3 and the initiation of V4 design are significant catalysts for the T-chain market, with a focus on both B-end and C-end applications [1][2] Summary by Sections Optimus V3 and V4 Developments - Optimus V3 is expected to be unveiled soon, with many analysts already shifting their focus to V4, which is seen as a potential blockbuster product [1] - V4 is currently in the design phase and is anticipated to be the first generation aimed at the public [1] Market Trends and Performance - The T-chain market has shown a weaker performance than expected in the last week before the holiday, with a notable downtrend on Wednesday [1] - Despite the lack of V3's release, T-chain stocks have outperformed expectations in February, driven by a trend of "new over old" investments [2] Key Stocks and Catalysts - Several stocks related to the T-chain have experienced significant gains, including: - GaN-related stocks, which rebounded after a period of stagnation [2] - Core bearing stock (W), which saw a price surge following positive feedback from a recent factory audit [2][4] - Structural component stock (K), which is currently in the pricing inquiry phase with a high average selling price (ASP) [4] - Motor core stock (H), which has officially entered the direct supply list for T, exceeding expectations [4] Insights and Future Outlook - The T-chain is expected to continue seeing positive developments as more factory audits and communications with North American partners take place [3][4] - The market is advised to keep a close watch on new and existing stocks that are linked to T-chain advancements [3][4]

Core Viewpoint - The article highlights the competitive landscape of humanoid robots, emphasizing the practical application and commercial viability of Kepler Robotics' K2 "Bumblebee" in industrial settings, contrasting it with North American counterparts that focus on technological demonstrations rather than real-world deployment [12][27][41]. Group 1: Industry Overview - Kepler Robotics' K2 "Bumblebee" is actively engaged in high-altitude welding tasks, showcasing its capabilities in real industrial environments [2][17]. - The humanoid robot industry is experiencing a shift from experimental models to practical applications, with Kepler leading the way in China by focusing on real-world scenarios and operational efficiency [12][14][41]. Group 2: Competitive Analysis - North American companies like Boston Dynamics and Tesla are still in the experimental phase, with their humanoid robots struggling to achieve continuous operation in industrial environments [11][15][41]. - Kepler's K2 "Bumblebee" has established a significant advantage in load capacity (30 kg) and operational endurance (8 hours) compared to competitors like Tesla's Optimus and Figure 03, which have lower specifications [32][34]. Group 3: Technological Innovations - The K2 "Bumblebee" utilizes a unique hybrid architecture combining planetary roller screw actuators and rotary actuators, ensuring both high load capacity and precision [33][34]. - Kepler's self-developed immersive remote control system allows operators to control the robot with high precision, significantly reducing deployment time and enhancing safety in hazardous environments [18][20]. Group 4: Market Applications - The K2 "Bumblebee" has successfully penetrated key sectors such as automotive manufacturing, logistics, and 3C production, achieving high operational success rates (up to 99.4%) [21][22][26]. - The robot's ability to operate continuously for extended periods (up to 450 days) in complex environments demonstrates its reliability and scalability for industrial applications [26][27]. Group 5: Policy and Industry Support - The Chinese government is actively promoting the development of humanoid robots through policies that encourage innovation and application in industrial settings, aligning with Kepler's business model [14][27]. - Kepler is also fostering collaboration with educational institutions to integrate humanoid robotics into academic research and training, further solidifying its position in the industry [28].

Core Insights - The article emphasizes the upcoming release of Tesla's Optimus V3, which is expected to be a significant catalyst for the T-chain and related stocks [2][6] - The T-chain stocks have shown unexpected strong performance in early February, with several stocks experiencing daily limit-up movements, particularly those newly favored by the market [2][6] - Elon Musk's recent interview highlighted the establishment of the Optimus Academy, aimed at training thousands of robots through self-play, indicating a substantial scale-up in Tesla's robotics efforts [3][6] T-chain Performance - During the first trading week of February (February 2-6), T-chain stocks experienced a broad rally, with notable gains on February 3 and February 6, despite the absence of official positive news from Tesla [2] - The trend of "new over old" was observed, with investors favoring newly identified stocks, particularly those involved in North American communications and new T-chain opportunities [2][6] Key T-chain Stocks - Several key T-chain stocks have been highlighted for their strong performance and potential, including: - Core supplier (C) for structural components, which has received exclusive supply opportunities [6] - Core sensor supplier (A), which completed a factory audit with feedback exceeding expectations [6] - Potential core stock (K) for rotary joints, currently considered undervalued [6] - Core stock (Y) related to thermal management, which has also gained significant attention [6] Future Outlook - The article suggests that as the release of Optimus V3 approaches, the focus on T-chain stocks will intensify, with capital becoming more concentrated on these opportunities [7] - Continuous updates and insights on T-chain developments and related stocks will be provided through the "Robot Headlines" knowledge platform, indicating ongoing engagement with industry trends [7]

Core Insights - The article highlights the upcoming launch of Tesla's Optimus V3 and its potential impact on the T-chain sector, indicating a recent upward trend in T-chain stocks driven by market rotation and new catalysts [2][3] - The focus is on identifying key T-chain stocks that have shown significant performance and potential for growth, particularly those involved in North American communications and new product developments [5][9] T-Chain Performance - On February 6, T-chain stocks experienced their first significant upward movement of the month, attributed to market rotation rather than official announcements [2] - Notable stocks that performed well include core structural components (K), lightweight components (F), and harmonic reducers (S), which have shown promising developments in North America [5][6] Key Catalysts - The main catalyst for T-chain stocks in February is the anticipated launch of Optimus V3, with a focus on stocks that have engaged in North American communications and those with newly identified positive developments [3][9] - The article emphasizes the importance of monitoring core T-chain stocks as they approach critical milestones, suggesting that the market will see an increase in commentary and analysis regarding these stocks [7][8] Noteworthy Stocks - Specific stocks highlighted include: - Core structural component (K) with significant inquiries and an average selling price (ASP) exceeding $1,000 [5] - Harmonic reducer (S) with successful North American communications and strong market expectations [5] - New core suppliers such as the screw core supplier (W) and another new screw core supplier (Z) that have recently communicated with North America [6] Emerging Opportunities - Emerging stocks that are gaining attention include: - Core sensor stock (A) with strong product barriers and positive feedback from recent audits [9] - TPU core stock (M) with successful North American communications and ongoing developments [9] - Potential core stock for rotating joints (K), which is currently undervalued in the market [9]

Core Viewpoint - The article emphasizes the anticipation surrounding the upcoming release of Optimus V3, which is expected to significantly impact the T-chain sector, with key stocks showing promising performance despite recent market fluctuations [2][4]. T-chain Performance and Key Stocks - The T-chain sector has experienced unexpected positive movement, with several stocks achieving daily gains and some even hitting their upper limits, indicating a recovery phase for core stocks [6]. - Notable stocks include: - Core supplier (K) for rotational joints, which is currently undervalued and has received multiple recommendations from sell-side analysts [7]. - Core supplier (Y) for thermal management products, which has shown strong performance with consecutive gains and is highlighted as a top T-chain stock [7]. - Core supplier (C) for structural components, which has undergone factory audits and is expected to see increased average selling prices (ASP) [7]. - Core supplier (A) for force sensors, which is anticipated to undergo factory audits and has strong product barriers [7]. - The article notes that many of these stocks are part of the new T-chain favorable categories identified during North American communications in January [8]. Market Sentiment and Future Outlook - The market is currently focused on new opportunities within the T-chain sector, with a shift towards "new over old" strategies as investors seek fresh growth prospects [6]. - The upcoming release of Optimus V3 is seen as a critical catalyst for further investment and interest in the T-chain stocks, with the expectation that the market will respond positively to more concrete developments [8].

Core Viewpoint - LimX Dynamics, a leading humanoid robotics company in China, has successfully completed a $200 million (approximately 1.39 billion RMB) Series B financing round, setting a record for the largest single financing in the embodied intelligence sector in China by 2026 [2][5]. Financing and Investment - The Series B financing was backed by several renowned domestic and international institutions, including Stone Venture, Dongfang Fuhai, and JD.com, among others [2]. - Previous funding rounds included a strategic investment led by JD.com and a total of 500 million RMB raised in A and A+ rounds, with investors such as Alibaba Group and Lenovo Capital [5]. Company Overview - LimX Dynamics was established in Shenzhen in 2022, focusing on breakthroughs in core technologies that integrate embodied intelligence [5]. - The company aims to drive original innovation in general humanoid robots and modular base robots through product engineering and supply chain ecosystem development [5]. Product Innovations - **TRON 2**: A versatile, modular humanoid robot base that allows for rapid switching between various configurations (bipedal, quadrupedal, and wheeled) to adapt to different tasks and environments [6]. - **LimX COSA**: An embodied Agentic OS that integrates high-level cognitive and decision-making capabilities with full-body motion control, enabling robots to understand tasks and adapt to changing environments [7]. Data and Training Strategies - LimX Dynamics introduced the LimX Data Recipe strategy to address challenges in data scarcity and high collection costs in the embodied intelligence industry [8]. - **LimX VGM**: A video generation model that allows for training using human operation video data without requiring real machine samples [8]. - **LimX DreamActor**: A new training paradigm that enhances pre-training efficiency in simulation and ensures high success rates in real-world deployment [8]. Industry Context - The advancements in artificial intelligence and large model technologies are driving the current wave of embodied intelligence, with software algorithm improvements being crucial for enhancing humanoid robot functionalities [11]. - Companies with strong AI capabilities and a focus on hardware design are becoming increasingly attractive to investors, as evidenced by the significant funding received by such startups since 2025 [11].

Core Viewpoint - The article discusses the performance and developments of T-chain companies in January, highlighting the anticipation for the upcoming Optimus V3 and the positive market reactions to various catalysts, particularly in North America [2][3][6]. Summary by Sections January Market Performance - T-chain companies exhibited moderate performance in January, with some showing weakness while awaiting developments in February [2]. - Key catalysts included contract awards and site confirmations, with notable stock price increases for specific companies, such as a 50% rise for a core harmonic reducer [2]. Key Catalysts and Events - The release of Optimus V3 and related communications in North America were pivotal, with significant stock movements following Elon Musk's tweets [3][6]. - Several companies, including WX, RT, KS, FS, and SL, saw substantial gains, with multiple stocks hitting their daily limits [3]. Adjustments and Market Reactions - The market experienced a downturn in the third week of January, with significant declines on January 26, attributed to various factors including a necessary "cooling off" period [5]. - The article emphasizes the importance of monitoring these adjustments and suggests that further insights will be provided in a dedicated platform [5]. Focus on New T-chain Companies - The article outlines a "shrinking circle" strategy, where the focus has shifted to fewer, more promising T-chain companies as the release of V3 approaches [6]. - The communication with North American partners is crucial for production agreements and confirmations, with several companies entering the RFQ stage [7]. Additional Developments - Other notable advancements include new suppliers and technologies, such as a core supplier for harmonic magnetic field motors and new PEEK material suppliers, which have also seen positive market reactions [7][8]. - The article concludes with a reminder of the importance of tracking core T-chain companies as the Optimus V3 release approaches, with ongoing updates promised [8][9].

Core Insights - The article emphasizes the upcoming release of Optimus V3, which is expected to exceed performance expectations and has a production plan set for the end of 2026 [1][2] - Tesla's production capacity for Optimus is projected to reach 1 million units annually, with initial production starting at the Fremont factory [1] - The T-chain companies are currently experiencing a downward trend, but this is within expected parameters as they await further developments related to Optimus [3][4] Production and Capacity Planning - Optimus V3 is set to begin production in Q1, with a target of 2 units per week in January, increasing to 10 units in February, and reaching 2,000 units by June [2] - Future production in Texas aims for a capacity of 10 million units annually, indicating significant scaling potential for Tesla's robotics division [2] Market Trends and Company Performance - The T-chain companies have shown mixed performance, with some experiencing notable gains due to successful communications in North America [4][5] - Key companies within the T-chain, such as WX, FS, and KS, have reported positive developments and have seen stock price increases as a result [4] - New technologies and core suppliers are also gaining traction, with several companies entering the RFQ stage, indicating a healthy pipeline for future projects [5] Future Outlook - The article suggests that as the release of Optimus V3 approaches, the focus on core T-chain companies will intensify, leading to a more concentrated investment landscape [5][6] - The overall sentiment is that the market is preparing for a significant shift as Optimus V3 is unveiled, with expectations for renewed interest and investment in the robotics sector [6]