温馨提示 ： 点击下方图片，查看运营团队最新（12月）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）； 然而12月8日晚间，风评两级分化，活动现场中，一段"Optimus在递送瓶装水时动作失控，失衡后仰摔倒，同时 在 摔倒 过程中，机器人双手上抬做出"抓握—摘除"动作"视频迅速在国内发酵。 00:00 / 00:00 倍速 —— 值的注意的是，该动作与远程操作员在慌乱中摘下VR头显的动作极为相似，目前被普遍 解读为"远程操控穿帮"， 而不是特斯拉一直宣传的 "完全由AI自主驱动"。 正文： （注："猎场备忘录"12月9日发文） 12月第二周，特斯拉审厂正式开启，利好频传，T链集体上行。 利好之下必有利空，12月特斯拉Optimus首个利空，来了！ 12月7日（北京时间），特斯拉在迈阿密举办"Autonomy Visualized"活动，Optimus惊艳亮相，并在现场自主行 走、与人互动，并完成分发水瓶等任务；相关视频在周末疯狂刷屏行 ...

温馨提示 ： 点击下方图片，查看运营团队最新（12月）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： （注："猎场备忘录"12月9日发文） 12月第二周，特斯拉审厂正式开启，利好频传，T链集体上行。 利好之下必有利空，12月特斯拉Optimus首个利空，来了！ 12月7日（北京时间），特斯拉在迈阿密举办"Autonomy Visualized"活动，Optimus惊艳亮相，并在现场自主行 走、与人互动，并完成分发水瓶等任务；相关视频在周末疯狂刷屏行业圈，备受好评。 然而12月8日晚间，风评两级分化，活动现场中，一段"Optimus在递送瓶装水时动作失控，失衡后仰摔倒，同时 在 摔倒 过程中，机器人双手上抬做出"抓握—摘除"动作"视频迅速在国内发酵。 00:00 / 00:00 倍速 —— 值的注意的是，该动作与远程操作员在慌乱中摘下VR头显的动作极为相似，目前被普遍 解读为"远程操控穿帮"， 而不是特斯拉一直宣传的 "完全由 ...

Core Viewpoint - GigaAl, a leading physical AI company in China, has successfully completed a 200 million RMB Series A2 financing round, marking its fifth round of financing in three months, with a total of 500 million RMB raised in the A series [2][5]. Financing History - GigaAl has completed five rounds of financing in 2025, accumulating a total of seven rounds. The recent A2 round raised 200 million RMB, led by Dacheng Caizhi and supported by existing shareholders and other notable investors [3][5]. - The company has also completed Pre-A and A1 rounds in the past three months, with significant investments from various venture capital firms [3][5]. Company Overview - Founded in January 2023, GigaAl focuses on physical AI and is the first company in China to specialize in "world models x embodied brains" [5]. - The company has a strong core team with extensive research capabilities and industry experience, combining expertise in computer vision (CV) and large models [7]. Core Technology - GigaAl has developed a full-stack self-research approach, focusing on both the ontology and brain aspects of physical AI. Key products include the GigaWorld platform, GigaBrain, and the Maker series of robots [8][12]. - The GigaWorld platform has achieved significant advancements, including a 90% data generation ratio for world models, leading to a 300% performance improvement in embodied VLA models [11]. Product Development - The company launched its first wheeled bionic robot, Maker H01, which features advanced capabilities for precise operations and is designed for various applications in domestic and commercial settings [14]. - GigaAl has established partnerships with leading industry clients for mass production and collaboration in various sectors [18]. Market Position - GigaAl is recognized as a pioneer in the world model direction within the physical AI sector, positioning itself ahead of competitors in both world models and VLA large models [21]. - The company’s dual focus on large models and physical robot ontology has attracted significant investment interest, reflecting a trend where startups with strong AI capabilities are favored in the market [22].

温馨提示 ： 点击下方图片，查看运营团队最新（12月）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： （注："猎场备忘录"12月8日发文） 回顾12月第一周，T链走势（反弹）和 T链标的进展是超预期的，11月部分T链利好标的在12月第一周又有新进 展，同时又有新的利好标的产生，每天都有新消息，并直接体现在隔日二级市场走势上，目前持续发酵以及新晋 12月第二周，特斯拉正式开启新一轮审厂，T链们走向越发明朗！ 小编已多次提到，11月和已经开启的12月，T链标的的核心催化是 定点 。 12月7日， 特斯拉正式开启为期近两周的新一轮审厂，北美人员落地首站为杭州丝杠厂商，部分审厂名单已披露 （已在星球内提到） 。 不同于往日审厂，本次审厂更多是制定具体量产指标，跟进产能建设情况，为后续量产做准备。 因此获得本轮审厂资格的T链标往期基本都已拿到 Code，并完成 小批量订单生产及验证，定点在即；伴随核心标 的越发明确，这也就是行业内提到 ...

Core Viewpoint - The humanoid robot sector is experiencing unprecedented attention globally, particularly in China, where it is supported by policies and government funds, indicating a promising future for the industry [2][3]. Group 1: Market Dynamics - The humanoid robot market is characterized by a competition among major players, with many startups likely to fail in the commercialization process [3]. - Major automotive manufacturers and tech giants are entering the humanoid robot space, with 15 well-known car companies globally, including 11 from China [3]. - Despite the influx of large companies, most are still in the early stages of development, lacking standout products and facing challenges in manufacturing and supply chain integration [3]. Group 2: Investment Trends - The primary market remains enthusiastic, with new startups entering with capital backing, while the technology faces bottlenecks [4]. - Head startups are shifting focus from technology development to commercialization, with large orders becoming common [4]. - The secondary market is seeing significant gains, particularly in the upstream supply chain, with companies like Tesla accelerating production of their humanoid robots [4]. Group 3: Commercialization Progress - By 2025, leading humanoid robot companies are expected to achieve initial commercialization, with domestic companies showing faster progress than their international counterparts [5]. - The key to domestic success lies not in advanced technology but in strategic scene selection, focusing on industrial applications rather than educational or exhibition scenarios [5]. Group 4: Technological Developments - The development of humanoid robots is entering a new phase with a focus on self-research of the robot "brain," driven by advancements in artificial intelligence and large model technologies [6]. - The dual-system architecture of the VLA model has become mainstream in the field of embodied intelligence, addressing challenges in data collection and long-term planning [7][8]. Group 5: Funding and Future Outlook - The humanoid robot sector continues to attract significant investment, particularly in startups that combine strong AI capabilities with humanoid robot manufacturing [9]. - Companies focusing on dexterous hands and multi-modal tactile sensors are gaining attention, marking the beginning of a funding wave in this area [11]. - The elderly care sector is anticipated to become a key focus for humanoid robot startups in the future [12]. Group 6: IPO and Market Focus - Leading startups are beginning to enter the secondary market, with several companies initiating IPO processes [10]. - The T-chain, which includes Tesla, is a primary focus in the secondary market, with significant market catalysts stemming from Tesla's advancements [10].

正文： 12月第一周，对于具身智能赛道而言，一级市场和二级市场皆"火爆"，接下来着重聊一下特斯拉Optimus产业链 标的进展。 12月，特斯拉为Optimus量产冲刺，T链们屡获定点，走向越发明朗！ 本月首篇文章 特斯拉Optimus相关利好，接踵而来！ 有提到T链们于11月21日开启的反弹将延续至12月，并表 示对于11月份以及已经开启的12月份而言，T链标的的催化是定点。 回顾12月第一周，T链走势（反弹）和定点利好标的皆超预期，话题度爆棚，每天都有新事件在发酵。 温馨提示 ： 点击下方图片，查看运营团队最新（12月）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）； 接下来小编在11月基础上，聊一下12月份至今机器人板块和T链标的进展： 机器人板块（特指T链）走势： 小编在上上上周五（11月14日）在星球盘后梳理中，就有提到看好后续反弹，并在上上周持续建议关注并梳理核 心利好标的，最终11月21日正式开启本波反弹，并延续至12月 ...

温馨提示 ： 点击下方图片，查看运营团队最新（12月）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： （注："猎场备忘录"12月5日发文） 如期而至，特斯拉Optimus正引入的 GaN (氮化镓) 工艺，彻底爆了！ 12月4日，二级市场机器人板块强势反弹，除了大幅上行的T链们备受关注外，伴随 GaN概念标的 RN、GG 强势 涨停， GaN (氮化镓) 工艺正式刷屏行业圈。 这已经不是小编第一次发文聊GaN (氮化镓) 工艺了。 GaN (氮化镓) 工艺首次在业内发酵其实是在上周六，小编当时有在 "机器人头条"知识星球 " 内有进行详细解读并 梳理核心标的，如RN、GG等，今日小编又新增了几家相关标的。 小编周二文章 敲定！特斯拉Optimus正引入新的工艺路线 有 对 GaN工艺进行详细解读，并提到"据产业方最新消 息， 已有公司配合特斯拉开发上肢和灵巧手GaN方案 "；并表示， 每一次工艺路线选择，相关标的将迎来一波上 ...

9月9日， 老牌人形机器人公司[乐聚机器人]完成股改，于10月31日进行辅导备案登记， 正式开启IPO进程； | | | —— 正文： [银河通用]完成股改，准备IPO？ 12月6日（最新资讯），估值超100亿、国内头部人形机器人公司[银河通用]已于11月28日完成股改，由" 有限责任公司(外商投资、非独资) "变为" 股份有限公司(外商投 资、未上市) "， 名称由【 北京银河通用机器人有限公司 】更名为【 北京银河通用机器人股份有限公司 】。 | 2025-11-28 | 提示 | 企业类型变更 | 变更前：有限责任公司(外商投资、非独资) 变更后：股份有限公司(外商投资、未上市) | · 收藏 | | --- | --- | --- | --- | --- | | 2025-11-28 | 提示 | 企业名称变更 | 变更前：北京银河通用机器人有限公司 | - 收藏 | | | | | 变更后：北京银河通用机器人股份有限公司 | | 从产品、技术到商业化进展，[银河通用]处在在国内人形机器人头部；有关[银河通用]详细解读，查看往期文章： 融资超24亿元，"北大"系人形机器人创企估值超百 亿！ 伴随[银河 ...

Core Insights - The article discusses the recent developments in the field of embodied intelligence, particularly focusing on the establishment of Hangzhou Zhijian Power Technology Co., Ltd. by former executives from Li Auto, which has attracted significant investment from top venture capital firms [2][4]. Financing and Investment - Hangzhou Zhijian Power has completed two rounds of financing, with a total amount of approximately $50 million, involving investors such as Sequoia Capital and BlueRun Ventures [2][6]. - The company was founded in July 2025 and has quickly gained attention from major investment firms, indicating a strong interest in the embodied intelligence sector [4][6]. Company Background and Team - The founding team includes Wang Kai, former CTO of Li Auto, and Jia Peng, former head of intelligent driving technology at Li Auto, both of whom have extensive experience in the automotive and technology sectors [8][4]. - The company is currently in the process of building its team and has posted job openings related to deep reinforcement learning algorithms, motion control algorithms, and embedded hardware [5][6]. Industry Trends - The article highlights a trend where many professionals from the autonomous driving sector are transitioning to the embodied intelligence field, leading to a surge in startup activity and investment [6][10]. - There are currently 15 well-known automotive companies entering the humanoid robot sector, with 11 based in China, indicating a competitive landscape [6][10]. Product Development - Xiaopeng Motors has launched the new generation IRON robot, which is described as the most humanoid robot to date, showcasing advanced features such as a Turing AI chip and solid-state batteries [7][10]. - The article suggests that the overlap between autonomous driving and humanoid robot technology could lead to significant advancements, although commercial viability remains a challenge [10][11].

Core Viewpoint - Tesla's Optimus is introducing GaN (Gallium Nitride) technology, which is expected to enhance the performance of robotic joints and actuators, leading to a potential surge in related stocks and investment opportunities [1][4][5]. GaN Technology Insights - GaN devices offer significant advantages over traditional silicon-based components, including higher frequency, precision, and power density, which improve the smoothness and accuracy of robotic movements [5]. - GaN technology has transitioned from the validation phase to commercial application, with companies like Innoscience beginning mass production [7]. Industry Developments - Major domestic companies, including Yushu, Zhiyuan, and Leju, are integrating GaN components into their humanoid and quadruped robots [8]. - The supply chain for GaN devices is categorized into upstream GaN power device manufacturers and midstream GaN driver companies [9]. Market Trends and Stock Movements - The introduction of new manufacturing processes typically leads to a speculative trading period for related stocks, with certain stocks already experiencing significant gains [4][11]. - Recent developments in the T-chain supply chain indicate that several suppliers have received positive news regarding production guidance and contracts, which could drive further market interest [13][16]. Future Outlook - The upcoming factory audits in December are expected to prepare for increased production, with more contracts and confirmations anticipated in the near term [13][16]. - The market is currently in a rebound phase, with expectations for the robotics sector to regain its status as a leading market segment [17].