记者丨赵云帆 编辑丨巫燕玲 特斯拉人形机器人一级供应商新剑传动，冲刺IPO！ 三花智控、拓普集团、五洲新春……这些久负盛名的特斯拉人形机器人"Optimus"产业链公司，是过去一年二 级市场机器人热点的主线之一。 而在这一过程中，有一个名字被频繁提及，那就是"新剑"。据公开资料，新剑传动是特斯拉人形机器人的核 心零部件供应商，其产品2022年已应用于特斯拉擎天柱机器人(Optimus)。 1月9日，证监会官网显示，杭州新剑机电传动股份有限公司（以下简称"新剑传动"）启动上市辅导，并于浙 江证监局完成辅导备案，中信证券担任辅导机构。 分析人士认为，新剑传动IPO向外界展现了强烈的人形机器人产业化信号，其对特斯拉人形机器人，乃至整个 人形机器人行业在2026年开启规模化量产，都有较强的信号意义。 卡准机器人风口，"T链"三大巨头聚首A股 公开资料显示，新剑传动成立于1999年的浙江杭州临安区，主营精密器械加工等。 辅导信息显示公司为"C34 通用设备制造业"。公司第一大股东上海新剑资产管理有限公司持有新剑传动 29.40%股份，为其控股股东。 值得注意的是，该信息与工商资料更新信息有较大差异。 企查查数据显示，新 ...

记者丨 赵云帆 编辑丨巫燕玲 特斯拉人形机器人一级供应商新剑传动，冲刺IPO！ 三花智控、拓普集团、五洲新春……这些久负盛名的特斯拉人形机器人"Optimus"产业链公 司，是过去一年二级市场机器人热点的主线之一。 而在这一过程中，有一个名字被频繁提及，那就是"新剑"。据公开资料， 新剑传动是特斯拉 人形机器人的核心零部件供应商，其产品2022年已应用于特斯拉擎天柱机器人(Optimus)。 1月9日，证监会官网显示，杭州新剑机电传动股份有限公司（以下简称"新剑传动"）启动上市 辅导，并于浙江证监局完成辅导备案，中信证券担任辅导机构。 事实上， 新剑科技并非一开始就押注机器人。 图片来源：公司官网 随着新剑传动筹备IPO，特斯拉"Optimus"人形机器人的三大关键部件供应商，三花、拓普、 新剑将完成在资本市场上的聚首。 分析人士认为，新剑传动IPO向外界展现了强烈的人形机器人产业化信号，其对特斯拉人形机 器人，乃至整个人形机器人行业在2026年开启规模化量产，都有较强的信号意义。 卡准机器人风口，"T链"三大巨头聚首A股 公开资料显示，新剑传动成立于1999年的浙江杭州临安区，主营精密器械加工等。 辅导信息 ...

Tesla Inc. (NASDAQ:TSLA) has unveiled a new, 7-seater version of the Model Y crossover SUV as the EV maker's sales improved in China despite a Q4 delivery shortfall.7-Seater Model Y SUVThe company's official North American handle revealed the 7-seater version for the U.S. on Monday in a post on the social media platform X. "Model Y Premium now seats up to 7," the company said. The post also mentioned a new black headliner, as well as a larger 16-inch touchscreen display available with the Premium and Perfor ...

来源：中信出版社 自2021年以来，加密货币行业进入一个与现实世界加速深度融合、双向互动不断增强的新阶段。在此期 间，现实世界的制度体系、资本力量与实际需求，与加密货币发展产生了前所未有的密切联系。特别是 全球宏观经济剧烈动荡（如新冠疫情引发的大规模货币宽松政策及其后续通胀压力）为加密货币的主流 化、机构化及功能化提供了历史性契机，顶级金融机构、非金融企业甚至部分主权国家广泛参与其中。 与此同时，区块链技术被广泛用于盘活房地产、债券、版权和碳信用等RWA，重构了这些传统资产的 确权、流转与交易机制。接下来的内容，我们旨在回顾这一融合进程，梳理加密货币如何被逐步纳入现 实世界的制度框架，并为现实问题反向提供新的技术与制度路径。 一、加密货币投资的全面主流化、机构化与功能化 在此发展阶段，加密货币从一种高风险、边缘化的另类资产，逐步演变为被全球多数监管机构与主流金 融市场认可的新型宏观资产类别，实现了在合规框架内的大规模配置。 1.企业战略性配置推高加密货币金融化程度 企业战略性配置加密货币始于2020年全球宏观经济环境剧变，尤其是在新冠疫情引发的货币超发与通胀 预期下，比特币等被越来越多地视为价值存储的新选项。 ...

一、 全球储能市场规模 近期，起点研究院SPIR发布了《2026年全球储能行业白皮书》，报告显示，2025年全球储能系统集成出货量达510GWh，同比增长50%；其中，全球 大型储能备案新增装机容量达456GWh，同比增长51.39%。 发电侧上，全球能源结构向清洁化加速转型，光伏、风电等绿色能源装机占比持续提升。为平抑新能源出力的间歇性与波动性，配套储能系统成为刚 需，储能电池需求增长具备较强确定性； 电网侧上，随着高比例可再生能源接入电力系统，电网对稳定性与灵活调节能力的要求日益提高。电网侧储能可快速响应系统需求，有效参与调频、 调峰及备用等辅助服务，缓解供需波动，增强电网韧性与安全； 用户侧上，储能应用在用户侧持续渗透，工商业储能、AI数据中心备用电源、家庭储能等场景需求逐步放量。在电费管理、可靠性供电与能源自洽 等诉求推动下，用户侧储能增长空间广阔，成为储能市场的重要增量来源。 继全球主要经济体强制配储政策的集中落地机遇期后，工商业、数据中心、边缘算力、应急供电等多场景需求爆发推动全球储能系统集成迎来爆发增 长。后续，储能市场化机制的完善与新兴场景需求的持续释放，2030年全球储能系统出货量有望至22 ...

Group 1 - The Shanghai government has released measures to enhance service quality and boost consumption, including optimizing auto loan processes and relaxing application conditions [1] - Tesla China has introduced financial loan policies for Model 3, Model Y, and Model Y L, offering 5-year interest-free and 7-year low-interest options [4] - For the 5-year interest-free plan, the down payment for Model 3 and Model Y starts at 79,900 yuan, with a minimum monthly payment of 1,918 yuan; for Model Y L, the down payment starts at 99,900 yuan, with a minimum monthly payment of 2,947 yuan [4] Group 2 - According to the China Passenger Car Association, retail sales of passenger vehicles in December 2025 are projected to be 2.276 million units, a year-on-year decrease of 14.5% [4] - The total retail sales of passenger vehicles in 2025 are expected to reach 24.024 million units, reflecting a growth of 3.9% compared to 2024 [4] - Cumulatively, retail sales of new energy vehicles in 2025 are forecasted to be 12.809 million units, representing a year-on-year increase of 17.6% [4]

Investment Rating - The report maintains a positive outlook on the automotive industry, indicating a favorable investment rating for the sector [2]. Core Insights - The report highlights the impact of rising prices for memory, copper, aluminum, and key components, which are expected to lead to an increase in consumer vehicle prices. It suggests focusing on supply chain companies with good supply-demand dynamics and price transmission capabilities, as well as mid-to-high-end vehicle manufacturers with model cycles [2]. - The report notes that the average daily retail sales of passenger vehicles in China reached 123,000 units in the last week of December, a year-on-year increase of 17% [2]. - The report emphasizes the importance of the recently implemented green consumption policies, which aim to support the purchase of new energy vehicles and enhance the automotive industry's supply chain [11][12]. Market Updates - The automotive industry recorded a total transaction value of 638.35 billion yuan, with a week-on-week increase of 11.27%. The automotive industry index rose by 2.53% during the week [2][13]. - The report indicates that the automotive industry index's growth was lower than that of the Shanghai and Shenzhen 300 index, which increased by 2.79% [13]. - The report lists significant stock movements, with 201 stocks rising and 68 falling, highlighting the top gainers and losers in the automotive sector [19]. Key Events - The Ministry of Industry and Information Technology released the 403rd batch of new vehicle approvals, featuring several notable models from various manufacturers [3][4]. - The report discusses the rising cost pressures in the automotive industry due to increasing memory prices, which are becoming a significant factor affecting profitability [6][8]. - The report mentions a strategic cooperation agreement between CATL and NIO, focusing on battery technology and market collaboration [36]. Financial Metrics - The automotive sector's price-to-earnings ratio stands at 30.20, ranking 18th among all primary industries, indicating a moderate valuation compared to the Shanghai and Shenzhen 300 index's 14.41 [16][18].

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： Optimus定型在即， 特斯拉发包中，2026年，首个 T链 定点资讯（名单）来了 ！ 周一（1月12日），在大盘一路上行并持续突破记录下，T链们走势没有延续上周五上行行情，再次进入盘整阶 段。 针对年后T链们 ，在大盘走势大幅上行背景下， 没有 承接去年12月底的主升行情，走势更没有迎来反转的原 因，小编往期文章有提到过" 利好催化不足，缺乏官方"爆点"利好催化，所以仅是核心利好标的行情 "。 从商业航天到自动驾驶再到脑机接口，尤其是商业航天，行情和热度从去年12月延续至今，最热门板块且没有之 一，马年炒"马"的目前逻辑毋庸置疑；唯一的区别，相较于这三者，人形机器人Optimus项目目前还没有阶段性 进展（Optimus V3样机亮相）。 小编去年12月下旬就在星球中提到，对于T链们而言，12月份炒的审厂和"定点"（订单）， 1月 ...

以下文章来源于新浪科技 ，作者努力码稿的小浪 新浪科技 . 一手掌握，科技"鲜"闻 来源丨 新浪科技（ID:techsina） 作者丨 郑峻 图源丨Midjourney 最初是马斯克和埃里森，现在是谷歌创始人，还有彼得·蒂尔等风投巨头们。几十年前，他们从世界 各地来到硅谷，在这里实现梦想创业成功成为亿万富翁，但现在他们却因为加州政治风向的转变以及 超级富豪税，而纷纷选择逃离加州。 加州讨论中一次性的5%超级富豪税，究竟是推动社会平等，缩小财富差距，还是在杀鸡取卵，扼杀 创新？无论最终是否落地，超级富豪们都已经提前开始跑路了。 这项提案的设计可谓"精心策划"。税收基准日被设定在2026年1月1日。这意味着，任何在这一天居 住在加州的亿万富翁，都将成为潜在的纳税对象。 预算赤字找超级富豪？ 加州是美国最富裕和人口最多的州。按照GDP计算，加州是全球第四大经济体，仅次于美国中国和日 本。硅谷更是全球科技创新胜地，涌现了苹果、谷歌、Meta等一代代的科技巨头，改变了全球民众 的工作与生活方式，造就了一批又一批亿万富豪。 然而，这个创富神话之地正陷入一场前所未有的财政困境。根据加州立法分析办公室的最新预测， 2026- ...

Core Viewpoint - The article discusses the complex relationship between Elon Musk and China, highlighting how China supported Tesla during its struggles, while Musk's Starlink project poses significant challenges to China in the fields of technology and AI. Group 1: Tesla's Rescue by China - In 2018, Tesla was on the brink of collapse, with production issues and a failing financial situation, prompting Musk to rely on China for support [1][2] - China provided substantial assistance, including a large industrial site in Shanghai at a low cost and a low-interest loan of 40 billion yuan, which was crucial for Tesla's survival [2][3] - The rapid construction of the Shanghai Gigafactory exemplified "Chinese speed," with the factory built in just 10 months, a process that would take years in the U.S. [3] Group 2: Impact of the Shanghai Factory - The Shanghai factory became highly productive, projected to produce 4 million vehicles by the end of 2025, significantly contributing to Tesla's financial turnaround and market valuation [4] - The Model Y's production in China allowed Tesla to reduce costs by 65%, leading to substantial profits for the company [4] Group 3: Starlink's Threat to China - Musk's profits from the Chinese market are being reinvested into the Starlink project, which is seen as a threat to China's security and technological sovereignty [4][5] - Starlink's satellites are not just for internet access; they have been used in military applications, raising concerns about their implications for national security [5][6] - The planned reduction of Starlink satellites' operational altitude to 480 kilometers is viewed as a strategic move to dominate low Earth orbit, potentially obstructing China's own satellite initiatives [5][6] Group 4: Data and AI Concerns - Tesla's operations in China allow it to collect vast amounts of driving data, which is crucial for AI development, but this data is primarily utilized in the U.S., limiting China's technological advancements [6][7] - Musk's strategy includes establishing manufacturing in the U.S. to reduce reliance on Chinese supply chains while simultaneously benefiting from Chinese market data [7] Group 5: Broader Implications - The article suggests that Musk's actions reflect a duality in his business approach, benefiting from Chinese support while simultaneously undermining China's technological independence [6][7] - The ongoing competition in space, data, and technology between Musk and China is framed as a significant geopolitical issue that is just beginning to unfold [7]