Core Viewpoint - Tianqi Co., Ltd. is focusing on intelligent equipment business, particularly in the automotive manufacturing sector, which includes smart warehousing and logistics products and services [1] Group 1: Business Overview - The main business of the company includes intelligent equipment that covers smart warehousing and logistics related to automotive manufacturing [1] - The company has a joint venture with UBTECH Robotics, named Wuxi Youqi Intelligent Technology Co., Ltd., which aims to develop an end-to-end unmanned logistics system based on unmanned vehicles and humanoid robots [1]

Core Viewpoint - Tianqi Co., Ltd. is focused on developing an end-to-end unmanned logistics system based on unmanned vehicles and humanoid robots [1] Group 1: Company Developments - UQI Intelligent aims to create a seamless collaboration between humanoid robots like Walker S2 and unmanned logistics vehicles such as Chitu α and Wali family robots [1] - The company showcased its advancements at CeMAT ASIA 2025, highlighting the integration of various robotic solutions for logistics [1] Group 2: Industry Trends - The development includes a comprehensive unmanned logistics closed loop covering four core scenarios: warehousing, sorting, handling, and delivery [1] - The upgrade represents a full-stack evolution to unmanned logistics 2.0, indicating significant progress in the industry [1]

Core Viewpoint - Tianqi Co., Ltd. (002009) has indicated that its lithium battery recycling business is currently applied in energy storage battery cascade utilization and regeneration, with potential future applications in solid or semi-solid battery recycling [1] Group 1 - The company has confirmed the application of its lithium battery recycling technology in energy storage solutions [1] - Future applications of the company's technology may extend to solid or semi-solid battery recycling [1]

Core Viewpoint - The company clarified that its main business does not involve the research and manufacturing of solid-state or semi-solid-state batteries, although its lithium battery recycling technology could be applied to the recycling of solid-state or semi-solid-state batteries in the future [2] Group 1 - The company responded to investor inquiries on November 11 regarding its business focus [2] - The company's lithium battery recycling technology has potential applications in solid-state or semi-solid-state battery recycling [2]

Core Viewpoint - The company focuses on providing advanced embodied intelligent robot application solutions, aiming to establish a comprehensive ecosystem for the industrialization of embodied intelligence [1] Group 1: Business Focus - The company's robot business includes the research and manufacturing of robot bodies, development of embodied intelligent application models, and data collection for embodied intelligence [1] - The company aims to achieve a closed-loop system of "scene-data-model-application" to enhance the implementation of embodied intelligent applications [1] Group 2: Market Applications - The company has provided embodied intelligent robot application solutions to multiple clients across various sectors, including automotive manufacturing, component manufacturing, lithium battery production, 3C manufacturing, unmanned retail, and urban cultural tourism [1] Group 3: Strategic Partnerships - The company has established a significant strategic partnership with UBTECH Robotics to collaborate on the application of biped robots in industrial manufacturing, particularly in unmanned logistics solutions [1]

格隆汇11月11日丨天奇股份(002009.SZ)在互动平台表示，公司未直接或间接参与投资乐聚机器人。 ...

Core Viewpoint - Tianqi Co., Ltd. (002009) has stated on its interactive platform that the company has not directly or indirectly participated in the investment of Leju Robotics [1] Company Summary - Tianqi Co., Ltd. clarified its non-involvement in Leju Robotics investment, indicating a clear boundary in its investment activities [1]

Group 1 - The Robot ETF (562500) is currently trading at 0.988 yuan, with a decline of 1.30%. The ETF briefly peaked at 0.998 yuan after opening but has shown signs of pressure, trading below the intraday moving average. Among the 73 constituent stocks, only 14 have risen while 59 have fallen, indicating significant structural differentiation [1] - Tianqi Co., Ltd. announced a strategic cooperation framework agreement with Foxconn's New Energy Vehicle Industry Development (Henan) Co., Ltd. The collaboration focuses on the research and application of embodied intelligent robots, with plans to deploy no less than 2,000 units within Foxconn's automotive manufacturing system over the next five years. This agreement is an intention document and does not involve specific transaction amounts [1] Group 2 - CITIC Securities expresses a strong outlook for the humanoid robot trend, emphasizing the importance of T-chain and domestic chain companies. The humanoid robot industry is on the verge of a significant trend, supported by key milestones such as Tesla's Gen3 finalization and mass production. The market is expected to gradually enter a phase of validation, with a focus on core targets that have clear advantages in the T-chain [2] - The Robot ETF (562500) is the only robot-themed ETF in the market with a scale exceeding 20 billion yuan, covering various segments including humanoid robots, industrial robots, and service robots, allowing investors to easily access the upstream and downstream industrial chain of robotics [2]

Group 1 - The 2025 World Internet of Things (IoT) Expo resulted in the signing of 26 major projects with a total cooperation amount exceeding 32 billion yuan, including 18 projects valued over 1 billion yuan each [1] - The expo featured four major theme pavilions with nearly 400 participating companies from 20 countries and regions, including over 20 Fortune 500 companies and more than 40 listed companies, with a first-time participation rate of 20% [1] - Significant product launches included the global debut of the terahertz near-field communication smart computing terminal and channel camera by Huatai Jiguang, and the full series of logistics robots by JD Logistics [1] Group 2 - During the expo, several key facilities were inaugurated, including the Jiangsu MEMS Sensor and Integrated Circuit Manufacturing Technology Key Laboratory and the Industrial Internet Platform Empowerment Center [2] - China Telecom launched a one-stop global connection management platform and an "Industrial + AI" integrated service platform, while China Mobile unveiled a passive IoT innovation demonstration zone [2] - The establishment of the National IoT Advanced Manufacturing Cluster Expert Advisory Committee, comprising seven academicians and 50 industry experts, was announced [2] Group 3 - The 2025 IoT Technology and Application International Forum attracted international academicians and facilitated high-level intellectual collaboration for technology integration and industrial implementation [3] - The expo emphasized the theme "Everything Connected, Endless Frontiers," focusing on the dual empowerment of artificial intelligence and IoT, and showcased a high-level event with extensive influence [3] - Wuxi aims to leverage the outcomes of the expo to strengthen its core IoT industry, promote the evolution of the industry, and build a world-class IoT industrial cluster [3]

Core Insights - The large-scale retirement of electric vehicle batteries is creating a trillion-yuan recycling market, with retired batteries being diverted into "cascade utilization" and "recycling" paths based on their health status [1][2][16] Group 1: Market Overview - The recycling market for retired batteries is projected to exceed 400 million tons, with an industry value expected to surpass 280 billion yuan [18] - The recovery volume is anticipated to exceed 300,000 units, with a market scale of approximately 48 billion yuan [19] Group 2: Battery Lifecycle - The process from battery retirement to recycling involves several stages: health status detection, sorting, reorganization, and system integration for cascade utilization [4][12] - For recycling, automated disassembly and wet metallurgy techniques are employed to recover valuable metals like lithium, cobalt, and nickel, achieving recovery rates of 99.6% for certain metals and 96.5% for lithium [7][9][14] Group 3: Application Scenarios - Cascade utilization applications include energy storage bases (such as 5G base stations and photovoltaic storage systems), low-speed vehicles (like electric forklifts and sightseeing cars), and backup power sources (UPS) [11][10] Group 4: Industry Participants - Battery sources include vehicle manufacturers (OEMs) like BYD, SAIC Group, and Geely, as well as battery producers like CATL and Guoxuan High-Tech [23][24] - Recycling and channel partners include companies like Greeenme and Tianqi, which build recycling networks and collaborate with manufacturers for battery collection [27][28] - Processing and recycling firms include Greenme and BYD, which handle the final recycling stages [30][31] - End-users of recycled materials include battery material producers who utilize recovered materials to manufacture new batteries [36]