Report Industry Investment Ratings No relevant information provided. Core Views of the Report - The A-share market showed a strong rebound, with the Shanghai Composite Index rising 1.19% to 3870.28 points, the Shenzhen Component Index rising 2.4%, and the ChiNext Index rising 3.39%. The market turnover reached 1.83 trillion yuan. [14] - The prices of steel and ore are expected to be volatile in the short term with limited rebound space, and a bearish approach is recommended in the medium to long term. [18][19] - The prices of coking coal and coke are expected to be volatile in the short term, and the 05 contract may have a phased rebound opportunity but with limited space and strength. [20] - For iron alloys, a bullish approach is recommended for ferrosilicon in the medium term, while a bearish approach is recommended for silicomanganese. [21][22] - For soda ash, a wait-and-see approach is recommended, while for glass, a bullish approach can be considered after the market sentiment stabilizes. [23] - For zinc, short positions are recommended as the price is expected to decline after the macro positive factors fade. [25] - For lead, it is recommended to hold short positions as the fundamentals are weak. [27] - For lithium carbonate, although the short-term fundamentals show signs of weakening, the medium to long-term demand is positive, and buying opportunities during corrections can be considered. [28] - For industrial silicon, it is expected to be volatile in the short term, and there may be some opportunities to repair the valuation. [31] - For polysilicon, the spot price is expected to remain strong, supporting the futures price to run strongly under the expectation of the anti-involution policy. [32] - For cotton, the price is expected to be volatile in the short term, and the long-term price is expected to rise due to the expected reduction in supply. [34][35] - For sugar, the price is expected to decline in a volatile manner, and a wait-and-see approach is recommended. [37] - For eggs, a bearish approach is recommended for the near-term contracts, while a wait-and-see approach is recommended for the far-term contracts. [39] - For apples, the price is expected to be volatile. [41] - For corn, a bearish approach is recommended for the far-term contracts, and a reverse spread opportunity can be considered. [42] - For red dates, a wait-and-see approach is recommended, and the market performance during the consumption peak season should be closely monitored. [43] - For live pigs, a bearish approach is recommended for the near-term contracts as the supply is strong and the demand is weak. [44] - For crude oil, the short-term rise driven by geopolitical factors is limited, and the price is expected to decline in the medium term due to the oversupply. [46][47] - For fuel oil, the price will follow the movement of crude oil prices, and the short-term trading focus is on geopolitical factors. [48] - For plastics, a bearish approach is recommended as the supply pressure is large and the demand is weak. [49] - For rubber, a short-term bullish approach can be considered during corrections, and the ru-nr spread strategy can be temporarily stopped for profit. [50] - For synthetic rubber, the price is expected to be strong due to cost and device factors, but chasing the rise should be cautious. [51] - For methanol, a bullish approach can be considered for the far-term contracts after the inventory is smoothly reduced, while a bullish approach is recommended for the near-term contracts. [52][53] - For caustic soda, a bullish approach is recommended as the futures price is strong. [54] - For asphalt, the price fluctuation is expected to increase, and the focus is on the price bottom after the winter storage game. [55] - For the polyester industry chain, a positive spread strategy can be considered for PX and PTA 5-9 contracts. [56] - For liquefied petroleum gas (LPG), the price is expected to be weak as the supply is abundant and the demand is poor. [57][58] - For pulp, a wait-and-see approach is recommended, and a short call option strategy can be considered for the 03 contract. [58] - For logs, the price is expected to be under pressure as the fundamentals are weak. [59] - For urea, the Indian urea tender has a positive impact on the near-term sentiment, but the impact on the 05 contract is expected to be weak. [60] Summaries Based on Relevant Catalogs Macro News - CICC plans to absorb and merge Dongxing Securities and Cinda Securities, and the three companies' stocks will resume trading on December 18. After the merger, CICC will become the fourth securities firm with total assets exceeding 1 trillion yuan. [10] - The global silver market has witnessed a historic rally, with the spot silver price breaking through $65 and $66 per ounce on December 17, approaching $67 per ounce. The year-to-date increase is about 130%, twice the increase of gold futures. [10] - In the first year of the 15th Five-Year Plan, a moderately loose monetary policy is needed to promote economic growth and price recovery. Market institutions generally expect a 0.5 percentage point reduction in the reserve requirement ratio and a 0.1 percentage point reduction in the interest rate next year. [10] - From January to November this year, the national fiscal revenue was 20.05 trillion yuan, a year-on-year increase of 0.8%. The national tax revenue was 16.48 trillion yuan, an increase of 1.8%, and the securities transaction stamp duty revenue was 185.5 billion yuan, an increase of 70.7%. [11] - China has achieved a breakthrough in invasive brain-computer interface clinical trials, successfully realizing the control of intelligent wheelchairs and robotic dogs with thoughts. [11] - BYD has launched a full-scale internal test of L3-level autonomous driving in Shenzhen, completing over 150,000 kilometers of actual road verification. [11] - CATL's new energy power battery PACK production line for humanoid embodied intelligent robots has been put into operation, marking a milestone in the application of embodied intelligence in the manufacturing industry. [11] - US President Trump has ordered a "full and complete blockade" of all sanctioned oil tankers entering and leaving Venezuela and declared the Venezuelan government a "foreign terrorist organization." [12] - Federal Reserve Governor Waller said that the Fed still has 50 to - 100 basis points of room for interest rate cuts, but there is no need for drastic action based on the current economic outlook. [12] Macro Finance - **Stock Index Futures**: A focus on the sustainability of liquidity repair is recommended. If it materializes, the index may strengthen. The A-share market rebounded strongly, with the Shanghai Composite Index rising 1.19% to 3870.28 points, the Shenzhen Component Index rising 2.4%, and the ChiNext Index rising 3.39%. The market turnover reached 1.83 trillion yuan. [14] - **Treasury Bond Futures**: Medium - and short - term bonds have certain odds and are expected to be volatile and strong. The funds are in a balanced and loose state, and the funds rate is stable. The 11 - month macro - economic data showed a decline in most indicators except for the stable unemployment rate. [15] Black Metals - **Steel and Ore**: The policy is relatively mild without strong stimulus. The demand for building materials is weak, while the demand for rolled products is improving. The supply of steel mills is expected to decline, and the inventory is still at a high level compared to last year. The cost is expected to decrease. A short - term volatile and medium - to long - term bearish approach is recommended. [18][19] - **Coking Coal and Coke**: The price is expected to be volatile in the short term. The coal production is expected to be restricted in the short term, and the demand for raw materials from steel mills is weakening. The 05 contract may have a phased rebound opportunity but with limited space and strength. [20] - **Ferroalloys**: A bullish approach is recommended for ferrosilicon in the medium term, while a bearish approach is recommended for silicomanganese. The supply of ferrosilicon is expected to decrease, while the supply of silicomanganese is expected to increase. [21][22] - **Soda Ash and Glass**: For soda ash, a wait - and - see approach is recommended. For glass, a bullish approach can be considered after the market sentiment stabilizes. The supply of soda ash is recovering, while the supply of glass is expected to be reduced. [23] Non - ferrous Metals and New Materials - **Zinc**: The price is expected to decline after the macro positive factors fade. The domestic inventory has decreased, and the price is affected by the Fed's policy and geopolitical factors. [25][26] - **Lead**: A bearish approach is recommended as the fundamentals are weak. The production of electrolytic lead has decreased, and the market for recycled lead is inactive. [27] - **Lithium Carbonate**: Although the short - term fundamentals show signs of weakening, the medium - to long - term demand is positive, and buying opportunities during corrections can be considered. The supply is expected to shift from surplus to balance or shortage. [28][30] - **Industrial Silicon**: It is expected to be volatile in the short term, and there may be some opportunities to repair the valuation. The supply may be affected by environmental protection in Xinjiang and the price of coking coal. [31] - **Polysilicon**: The spot price is expected to remain strong, supporting the futures price to run strongly under the expectation of the anti - involution policy. The price is affected by the establishment of the platform company and the supply - reduction expectation. [32] Agricultural Products - **Cotton**: The price is expected to be volatile in the short term, and the long - term price is expected to rise due to the expected reduction in supply. The supply is currently abundant, but the demand for pre - holiday replenishment and the expected reduction in planting area support the price. [34][35] - **Sugar**: The price is expected to decline in a volatile manner, and a wait - and - see approach is recommended. The global sugar supply is expected to be in surplus, and the new sugar supply is increasing. [37] - **Eggs**: A bearish approach is recommended for the near - term contracts, while a wait - and - see approach is recommended for the far - term contracts. The supply of laying hens is expected to decline, but the inventory is still high, and the demand is seasonal. [39] - **Apples**: The price is expected to be volatile. The出库 of apples is slow, and the market demand is weak due to the high price and the substitution of citrus fruits. [41] - **Corn**: A bearish approach is recommended for the far - term contracts, and a reverse spread opportunity can be considered. The supply - demand mismatch is being alleviated, and the far - term supply pressure is increasing. [42] - **Red Dates**: A wait - and - see approach is recommended, and the market performance during the consumption peak season should be closely monitored. The market is currently stable, and the future performance depends on the consumption demand and inventory reduction. [43] - **Live Pigs**: A bearish approach is recommended for the near - term contracts as the supply is strong and the demand is weak. The supply is expected to increase at the end of the month, and the demand increase during the double festivals is limited. [44] Energy and Chemicals - **Crude Oil**: The short - term rise driven by geopolitical factors is limited, and the price is expected to decline in the medium term due to the oversupply. The situation in Venezuela has led to a short - term increase in the price, but the long - term impact is limited. [46][47] - **Fuel Oil**: The price will follow the movement of crude oil prices, and the short - term trading focus is on geopolitical factors. The supply is abundant, and the demand is weak. [48] - **Plastics**: A bearish approach is recommended as the supply pressure is large and the demand is weak. The upstream production is in deficit, but there is no strong driving force for a significant rebound. [49] - **Rubber**: A short - term bullish approach can be considered during corrections, and the ru - nr spread strategy can be temporarily stopped for profit. The cost is supportive, and the price is affected by synthetic rubber. [50] - **Synthetic Rubber**: The price is expected to be strong due to cost and device factors, but chasing the rise should be cautious. The price is affected by the price of butadiene and the downstream procurement sentiment. [51] - **Methanol**: A bullish approach can be considered for the far - term contracts after the inventory is smoothly reduced, while a bullish approach is recommended for the near - term contracts. The supply is affected by the shutdown of Iranian plants, and the demand is increasing. [52][53] - **Caustic Soda**: A bullish approach is recommended as the futures price is strong. The spot market of 32% caustic soda is improving, and the short - selling positions are actively leaving the market. [54] - **Asphalt**: The price fluctuation is expected to increase, and the focus is on the price bottom after the winter storage game. The price is affected by the geopolitical situation and the winter storage expectation. [55] - **Polyester Industry Chain**: A positive spread strategy can be considered for PX and PTA 5 - 9 contracts. The price is mainly driven by cost and market sentiment, and the supply - demand drive is limited. [56] - **Liquefied Petroleum Gas**: The price is expected to be weak as the supply is abundant and the demand is poor. The geopolitical premium has limited impact, and the price is prone to decline. [57][58] - **Pulp**: A wait - and - see approach is recommended, and a short call option strategy can be considered for the 03 contract. The inventory is decreasing, and the market sentiment is improving. [58] - **Logs**: The price is expected to be under pressure as the fundamentals are weak. The inventory is expected to increase, and the spot price is under pressure. [59] - **Urea**: The Indian urea tender has a positive impact on the near - term sentiment, but the impact on the 05 contract is expected to be weak. The spot price is stable, and the futures price is strong in the near term. [60]

Core Insights - Lithium carbonate futures prices have surged, approaching 110,000 yuan/ton, indicating a recovery cycle in the industry [2][3] - The A-share lithium mining sector has seen significant gains, with leading companies like Tianqi Lithium and Ganfeng Lithium experiencing notable stock price increases [3] - The domestic lithium carbonate spot price has also risen sharply, with battery-grade lithium carbonate quoted at 97,100 yuan/ton, marking a 62.18% increase from the year's low [3] Market Performance - On December 17, A-share lithium battery concept stocks collectively surged, with companies like Shengxin Lithium Energy and Dazhong Mining hitting their daily price limits, and over 10 billion yuan of net capital inflow into the lithium battery sector [5] - The announcement of the cancellation of 27 mining licenses in Yichun has raised concerns, although the specific impact on lithium mines remains unclear [5] Industry Trends - The lithium battery industry is experiencing a recovery cycle, driven by the high cost-performance ratio of lithium iron phosphate technology in the electric vehicle market and the push for solid-state batteries [7] - The energy storage battery sector is entering a phase of large-scale expansion, with demand expected to grow significantly due to the increasing share of renewable energy and the need for grid stability [7] Production and Export Growth - In the first 11 months of the year, China's production and sales of power and other batteries reached 1,468.8 GWh and 1,412.5 GWh, respectively, representing year-on-year growth of 51.1% and 54.7% [7] - Exports of power and other batteries totaled 260.3 GWh, a 44.2% increase year-on-year, with power batteries accounting for 65.2% of total exports [7] Future Outlook - Analysts are optimistic about the recovery of the lithium battery industry chain, with expectations of continued growth in overseas markets and robust demand for energy storage batteries [8] - Forecasts suggest that global sales of new energy vehicles will grow by approximately 17% by 2026, with a corresponding 20% increase in demand for power batteries [8] Financial Performance - A-share lithium battery concept stocks have shown significant recovery in performance, with a total net profit of 117.2 billion yuan in the first three quarters, a year-on-year increase of 26.97% [9] - Among the lithium battery concept stocks, several companies have reported over 100% growth in net profit, including Guoxuan High-Tech and Daosheng Technology [9][10]

Core Insights - CATL has launched the world's first humanoid embodiment intelligent robot production line for new energy power battery PACK at its Zhongzhou base, marking a significant breakthrough in the application of embodied intelligence in smart manufacturing [1][8] Group 1: Robot Implementation - The humanoid robot "Xiao Mo" has replaced manual operations in the EOL and DCR processes, which are the final functional tests before battery packs are released. This process has historically relied on human labor due to its characteristics of "multiple varieties, small batches, and high flexibility" [3][10] - "Xiao Mo" utilizes an advanced end-to-end vision-language-action (VLA) model, enabling it to adapt to uncertainties such as material position deviations and connection point changes in real-time [3][10] - The robot has achieved a connection success rate of over 99% and operates at a speed comparable to skilled workers, significantly improving efficiency and reliability [11] Group 2: Future Developments - CATL plans to enhance the automation and intelligence of the PACK line, leveraging the success of "Xiao Mo" to deepen the synergy between smart manufacturing and green power, and to promote the application of large models of embodied intelligence in broader scenarios [4][11] - The company has been actively investing in the embodied intelligence sector since 2024, including financing for companies like Qianxun Intelligent Robotics and strategic partnerships with firms like Fulin Precision [12]

专题：四大证券报精华 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 12月18日（星期四），今日报刊头条主要内容精华如下： 12月17日晚，凤形股份发布《发行股份购买资产并募集配套资金预案》，拟购买广东华鑫持有的白银华 鑫九和再生资源有限公司75%股权。本次交易后，白银华鑫将成为公司的控股子公司，凤形股份将实现 从传统金属制品产业向新兴绿色循环经济行业的转型升级。 最高690倍回报！沐曦投资人赚了多少？ 17日，国产GPU龙头沐曦股份登陆科创板，上市首日股价收报829.9元/股，市值为3320亿元，股价在盘 中最高触及895元/股，投资者中一签（500股）的浮盈最高可达39.5万元。五年前，沐曦有限（当时 名，后简称"沐曦"）在天使轮投后估值仅4.80亿元，如今估值已涨超690倍，单笔天使轮投资若坚守至 今，回报已达690倍。更引人注目的是，私募大佬葛卫东在上市前夕的2025年2月，精准入局，不到一年 个人账户浮盈已超110亿元。 上海证券报 中国证券报 "券商航母"合并预案出炉！中金公司、东兴证券、信达证券今日复牌 12月17日晚，中金公司与东兴证券、信达证券同步披露重大资产重组 ...

3. 工信部部长李乐成会见美国超威半导体公司（AMD）董事会主席兼首席执行官苏姿丰， 双方就加强数字经济、人工智能领域合作等议题进行交流。 1. 中金公司吸收合并东兴证券、信达证券方案出炉！ 根据公告，每股东兴证券、信达证券股票能换取中金公司股票的比例，分别确定为1:0.4373、 1:0.5188。三家公司股票将于12月18日复牌。合并后，中金公司将成为行业第四家总资产跨入"万亿俱乐部"的券商。 2.全球白银市场正迎来历史性时刻，短短数周内开启连续刷新纪录的上涨行情。 12月17日，现货白银价格接连突破65美元/盎司、66美元/盎司两道关口， 并向67美元/盎司逼近。 今年以来，现货白银涨幅已达约130%，是同期黄金期货涨幅的2倍。供需失衡、美联储降息以及资金涌入共同催生了白银本轮 的"疯涨"行情。 1.据证券时报，"十五五"开局之年，适度宽松的货币政策要努力推动实现经济增长、物价回升，这首先要求明年金融总量保持合理增长，充分满足实体经 济融资需求。 市场机构普遍预计明年降准、降息分别有0.5个、0.1个百分点左右的空间。 根据中央经济工作会议要求，明年结构性工具将聚焦扩大内需、 科技创新、中小微企业等重点 ...

Group 1 - The U.S. stock market experienced a collective decline, with the Dow Jones down 0.47%, Nasdaq down 1.81%, and S&P 500 down 1.16%, driven by significant drops in large tech stocks such as Tesla and Nvidia [4] - International oil prices surged, with U.S. crude oil rising by 2.87% to $56.71 per barrel, and Brent crude oil increasing by 2.9% to $60.63 per barrel [5] - International gold prices increased, with spot gold rising by 0.97% to $4343.7 per ounce, and COMEX gold futures up by 1.02% to $4376.3 per ounce [6] - Silver prices reached a new historical high, with spot silver rising by 4.29% to $66.45 per ounce, and COMEX silver futures up by 5.38% to $66.72 per ounce [7] Group 2 - The Chinese government is actively engaging in diplomatic efforts, with Foreign Minister Wang Yi supporting Venezuela's sovereignty and independence during a phone call with the Venezuelan Foreign Minister [9] - The Chinese Ministry of Foreign Affairs announced plans for further mediation efforts between Cambodia and Thailand to resolve border conflicts [9] - The Chinese Ministry of Defense responded to the Philippines regarding the Spratly Islands incident, asserting China's indisputable sovereignty over the area [10] Group 3 - The Chinese National Health Commission and five other departments issued guidelines to strengthen the construction of specialty departments in grassroots medical institutions, aiming to enhance healthcare services [11] - The Chinese State Administration for Market Regulation indicated that platforms requiring merchants to offer "lowest prices online" may constitute monopolistic behavior [11] - The Chinese Ministry of Education released measures to improve daily exam management in primary and secondary schools, aiming to reduce student burdens and enhance exam quality [11] Group 4 - Beijing's housing authority and other departments conducted joint interviews with major internet platforms, resulting in the removal of over 17,000 pieces of illegal real estate information [12] - Shenzhen introduced new housing support policies for young talents, offering a monthly housing subsidy of 1250 yuan and transitional housing options [13] - A police operation dismantled a group that spread negative information about electric vehicle companies, resulting in the arrest of 12 individuals and the shutdown of over 8,000 accounts [14] Group 5 - Tencent upgraded its AI model development structure, appointing a former OpenAI researcher as Chief AI Scientist to enhance its capabilities in AI infrastructure [19] - CATL launched the world's first humanoid intelligent robot production line for battery assembly, marking a significant advancement in smart manufacturing [21] - Huayi Brothers announced a reduction in shareholding by Alibaba's venture capital arm and Jack Ma, with their combined stake falling below 5% [22]

Market Performance - The A-share market showed strong performance on December 17, with all three major indices rising, including the Shenzhen Component Index up over 2% and the ChiNext Index up over 3% [1][2] - The total trading volume in the A-share market reached 1.83 trillion yuan, an increase of 863 billion yuan compared to the previous trading day [2] - The Shanghai Composite Index, Shenzhen Component Index, ChiNext Index, and STAR Market Index rose by 1.19%, 2.40%, 3.39%, and 2.47% respectively, while the North Shenzhen 50 Index fell by 0.04% [1] Sector Performance - Active sectors included optical modules, lithium mining, lithium battery electrolytes, and optical chips, while sectors like Hainan Free Trade Port and satellite internet saw adjustments [3] - Among the 31 primary industries, the communication, non-ferrous metals, and electronics sectors had the highest gains, increasing by 5.07%, 3.03%, and 2.48% respectively [3] - The non-bank financial sector saw significant gains in the afternoon, with Huatai Securities rising over 6% and China Pacific Insurance rising over 4% [3] Fund Flow and Sentiment - As of December 16, the A-share market's financing balance increased by over 310 billion yuan in December, indicating a positive fund flow [4][6] - On December 17, over 2,100 stocks in the Shanghai and Shenzhen markets experienced net inflows from main funds, with the Shanghai and Shenzhen 300 index seeing a net inflow of over 50 billion yuan [4][6] - The overall market sentiment is optimistic, with significant inflows into various sectors, particularly communication, non-ferrous metals, and electronics [5][6] Individual Stock Contributions - Major contributors to the Shenzhen Component Index included stocks like NewEase, Zhongji Xuchuang, and Ningde Times, which collectively contributed nearly 30% of the index's rise [2] - In the ChiNext Index, the same stocks contributed nearly 60% of the index's increase, highlighting their significant impact on market performance [2] Future Outlook - Analysts suggest that the A-share market is likely to see a cross-year rally as domestic and international policy directions become clearer [7][8] - The combination of a supportive domestic policy and a loose global liquidity environment is expected to create favorable conditions for risk assets [8]

26 年锂电年度策略：需求强劲，价格弹性可期，开启新周 期 20251217 摘要 2026 年储能需求乐观，各市场和应用领域（包括 AI）将呈现高增长， 动力电池增速预计超 20%，市场空间到 2030 年达 5~6 TWh，显著高 于 2024-2025 年的 2 TWh。 高端铁锂正极、六氟磷酸锂等材料紧缺程度较高，碳酸锂供应紧张，预 计后年更为明显，10 月起供需关系发生本质变化，价格上涨趋势明确， 利好相关企业。 中国新能源汽车市场 2026 年本土销量预期增长不到 10%，但加上出口 后整体增速可达 15%，总销量预计超过 1,900 万辆，出口同比增长 50%以上。 2026 年单车带电量预计提升约 10%，主要因插电车型需满足购置税补 贴要求，续航里程需达 100 公里以上，以及新型大增程车型平均带电量 提高。 海外市场中，欧洲 2026 年预期增长超 30%，总销量达 500 万辆以上； 新兴市场预计增长 50%左右；美国市场因补贴退出影响，销量可能持平 或略降。 Q&A 对于锂电池行业的未来发展趋势和市场需求，您有何看法？ 从 2025 年 8 月底开始，我们对锂电池行业持全面看多的态度， ...

Group 1 - The report indicates that the electric power equipment and new energy industry narrative is based on the dual themes of "new power system construction + digital infrastructure construction" under the ongoing "dual carbon" strategy and rapid development of the digital economy [3][12][25] - The electric new energy sector has shown significant performance, with an overall increase of approximately 38.4% year-to-date, outperforming the CSI 300 index, which increased by 15.7% [16][18] - The report categorizes investment opportunities into two main lines: "new growth" and "high-quality development," analyzing various segments of the electric new energy industry [3][25] Group 2 - In the "new growth" category, key areas include AIDC, solid-state batteries, and humanoid robots, driven by global energy transition, technological advancements, and increasing demand [3][25][13] - The "high-quality development" category highlights storage, wind power, and photovoltaic sectors, with improvements in economic viability and market conditions leading to increased demand and profitability [4][26][13] - The report emphasizes the importance of solid-state batteries, which offer high energy density and safety, and are expected to see accelerated industrialization supported by favorable policies [30][32][41] Group 3 - The report provides earnings forecasts and valuations for key companies in the electric new energy sector, indicating a positive outlook for companies like CATL, Xiamen Tungsten, and others, with recommended ratings [5][27][28] - The analysis includes specific EPS and PE ratios for various companies, suggesting strong growth potential in the coming years [5][27][28] - The report also discusses the competitive landscape and technological advancements in the solid-state battery market, highlighting the importance of material innovations and safety improvements [30][41][45]

宁德时代介绍，人形机器人"小墨"所替代的EOL与DCR工序，是电池包下线前的最终功能测试。该环节因具有"多品种、小批量、高柔性"的特点，长期依 赖人工操作。工人需要将带有数百伏高压的测试插头精准插接到电池包指定位置，这不仅有高压打火风险，也存在效率与质量不稳定等问题。"小墨"的引 入彻底改变了这一状况。它搭载了先进的端到端视觉-语言-动作（VLA）模型，具备强大的环境感知与任务泛化能力。 在精准适应方面，"小墨"可自主应对来料位置偏差、插接点位变化等不确定性，实时调整操作姿态。 在柔性操作方面，"小墨"在插拔柔性线束时，能动态调节力度，确保连接可靠且不损伤部件。 在高效可靠方面，"小墨"在实际运行中，其插接成功率稳定在99%以上，作业节拍已达到熟练工人水平。 宁德时代表示，如今，"小墨"已成为产线上不可或缺的一员。它不仅能自主检测线束连接状态，发现异常即时上报，有效降低不良品率，还能在作业间隙 主动切换至巡检模式。面对多型号电池的连续生产任务，其单日工作量实现了三倍提升，且一致性与稳定性表现卓越。 12月17日晚，宁德时代介绍，近日，全球首条实现人形具身智能机器人规模化落地的新能源动力电池PACK生产线，在宁 ...