Group 1 - Tesla has achieved large-scale production of dry electrode technology, marking a significant breakthrough in lithium battery production technology [1] - The dry electrode manufacturing process can reduce costs, energy consumption, and factory complexity while significantly improving scalability [1] - Tesla's recent patent details a method for producing low-binder-content dry electrode films, emphasizing the specific order of mixing materials to avoid damage [3] Group 2 - Tesla has positioned dry electrode technology as a core manufacturing process for its 4680 battery, which is expected to reach its final design by 2024 [3] - Domestic companies are actively investing in dry electrode technology, with Sanfu New Materials planning to invest 620 million yuan in a project expected to be completed by the end of 2027 [4] - According to Guangfa Securities, global solid-state battery shipments are projected to reach 181 GWh by 2030, indicating a growing market for equipment manufacturers [4]

Core Viewpoint - Tesla is set to unveil its third-generation humanoid robot, which will learn new skills by observing human behavior, with an expected annual production capacity of one million units [1][4]. Group 1: Product Development - The third-generation humanoid robot will be released in Q1 2026, building on the advancements of the 2.5 version, including an upgraded hand design [4]. - The production line for Model S/X at the Fremont factory will be converted to manufacture humanoid robots, with mass production expected to start by the end of 2026 [4]. - The Optimus humanoid robot has entered the countdown to mass production, currently performing basic tasks like screw tightening and material handling, with plans to validate complex assembly and quality inspection tasks by the end of 2026 [4]. Group 2: Previous Versions and Challenges - Tesla has already launched the first (Gen1) and second (Gen2) generations of the humanoid robot, with Gen1 introduced in October 2022 and Gen2 released in 2023, which features a 30% increase in walking speed and a 22-degree-of-freedom dexterous hand [4]. - Significant engineering challenges remain, particularly in the design of the robot's hand and forearm, which have previously caused production delays [6]. Group 3: Financial Performance and Strategic Focus - Tesla's Q4 2025 revenue was $24.901 billion, a year-over-year decline of approximately 3%, with net profit down 61% to $840 million [6]. - The automotive business revenue fell 11% year-over-year to $17.69 billion in Q4 2025, with a total annual automotive revenue of $69.5 billion, marking a 10% decline [6]. - In response to declining automotive revenue, Tesla announced a capital expenditure plan of $20 billion for the year, focusing on AI, autonomous driving, and robotics [6]. Group 4: Competitive Landscape - Elon Musk identified Chinese companies as Tesla's strongest competitors in the humanoid robot market, noting their manufacturing scale and advancements in AI technology [7]. - The Chinese humanoid robot industry is expected to experience rapid growth, with improvements in AI model capabilities, hardware maturity, cost reductions, and accelerated application scenarios by 2026 [7].

以下文章来源于科创日报 ，作者张真 科创日报 . 科创圈都在关注的主流媒体，上海报业集团主管主办，《科创板日报》出品。 当地时间2月1日，马斯克在社交平台表示："实现干电极工艺的规模化生产，这在锂电池生产技术上是一项重大突破，难度极高。祝贺特斯 拉工程、生产和供应链团队以及我们的战略合作伙伴供应商取得的卓越成就。" 随后，特斯拉官方团队转发了这则消息，并回复称："干电极制造工艺可降低成本、能源消耗和工厂复杂性，同时显著提高可扩展性。" 就在日前，特斯拉公布了一项名为"低粘结剂含量干电极膜的组合物和制备方法"的专利。其通过先混合活性材料和导电碳，再添加干粘结剂 的特定顺序，避免了高剪切力对颗粒的损伤。专利规定，导电碳含量不超过8%重量比，粘结剂用量需低于2%。 纳科诺尔投资者关系活动记录表显示，公司将积极配合下游客户对干法电极生产设备进行调整和优化，以加快推进干法电极工艺的 产业化应用速度。 投资方面，广发证券表示，预估2030年全球全固态电池的出货量将达到181GWh。新产业初期，设备厂商将率先受益，尽管目前固态电池 路线尚未完全确认，但相较液态电池， 固态电池设备在前中后道均有变化，工艺的变化势必带来设备的 ...

的双人舞[笑cry]你们觉得舞姿如何#特斯拉第三代人形机器人将亮相# 马斯克发了一段和机器人Optimus 0:00 ...

2026 年 02 月 02 日 行业研究 评级：推荐(维持) 研究所： 证券分析师： 戴畅 S0350523120004 daic@ghzq.com.cn [Table_Title] 特斯拉举行 2025Q4 业绩财报会，比亚迪天神之眼 5.0 辅助驾驶发布 ——汽车行业周报 | 行业相对表现 | | | 2026/01/30 | | | --- | --- | --- | --- | --- | | 表现 | | 1M | 3M | 12M | | 汽车 | | -0.1% | 1.2% | 23.5% | | 沪深 | 300 | 1.2% | -0.1% | 23.3% | 相关报告 《超豪市场自主替代空间大，尊界放量有望助力江 淮盈利改善——汽车行业深度报告（推荐）*乘用 车*戴畅》——2026-01-30 《汽车行业周报：吉利集团 2030 年目标销量突破 650 万辆，特斯拉 Cybercab 无人驾驶出租车将于 4 月投产（推荐）*汽车*戴畅》——2026-01-25 《汽车行业周报：中欧电车价格承诺机制落地，多 地开放 2026 年汽车补贴，长城发布"归元"平台 （推荐）*汽车*戴畅，徐鸣爽 ...

快科技2月2日消息，特斯拉在锂电池生产技术上取得重大突破，马斯克直言这是一项卓越成就。 马斯克在X平台上写道："实现干电极工艺的大规模应用，是锂电池生产技术的一项重大突破，但却极 其困难。祝贺@Tesla工程、生产和供应链团队以及我们的战略合作伙伴供应商取得这一卓越成就！" 据悉，这项新技术能明显降低电池生产成本和能耗，简化工厂生产流程，还能快速扩大生产规模。 对消费者而言，核心利好在于电动车续航能力的提升。干电极电池电量容纳量可增加20%左右，直接推 动续航里程延长。目前，搭载该技术的4680电池已应用于部分Model Y车型，相关车型的生产正逐步恢 复正常。 从行业发展视角而言，特斯拉的这项技术突破具有重要行业意义。该技术打破了传统锂电池制造的诸多 局限，彻底解决了溶剂污染问题，推动锂电池产业向绿色低碳方向转型。此外，干电极技术兼容性较 强，可适配未来更先进的电池产品，同时有助于特斯拉降低对外部供应链的依赖。 业内人士普遍认为，此举将加速干电极技术在行业内的普及，推动电动车及储能产品向低成本、高效 率、长续航的方向发展。 I 0 the res P NEWS AND 1889 TO SHUND 75 ch ...

Core Insights - Tesla is shifting focus from being solely an electric vehicle maker to expanding into robotics, announcing plans to cease production of luxury Model S and X vehicles and convert a factory for Optimus humanoid robot production [1][2] - The company aims to produce 1 million robots annually and will unveil the third generation of Optimus, designed for mass production, within the current quarter [2] - CEO Elon Musk indicated that production of robotaxis without steering wheels will commence in April, with expectations to deploy autonomous vehicles in numerous major cities by year-end [3] Financial Performance - Tesla experienced a 16% decline in automobile deliveries in Q4, marking the third decline in four quarters, with previous drops of 13% in both Q1 and Q2 [4] - Auto revenue fell by 11% to $17.7 billion, despite a 38% increase in active full-self driving subscriptions to 1.1 million users [5] - Overall revenue decreased by 3% year over year to $24.9 billion, while energy generation and storage revenue increased by 25% to $3.8 billion [6] Cash Flow and Expenditures - Operating cash flow decreased by 21% in the quarter to $3.8 billion, with a total of $14.7 billion generated for the full year [7] - The company plans to invest over $20 billion in capital expenditures this year, which may lead to negative free cash flow [7] Market Context - Tesla's market capitalization stands at $1.4 trillion, with a current stock price of $430.62, reflecting a 3.38% increase [9] - The company is facing challenges in its core auto business, with declining deliveries and reduced high-margin regulatory credit revenue, prompting a greater emphasis on its emerging robotaxi and robotics sectors [9]

Investment Rating - The report maintains an "Outperform" rating for the machinery equipment industry as of February 1, 2026 [1]. Core Insights - The robotics index underperformed the market, with the CSI Robotics Index dropping by 5.7%, lagging behind the Shanghai Composite Index by 5.2 percentage points and the CSI 300 Index by 5.7 percentage points [5][11]. - Tesla's humanoid robot, Optimus, is set for mass production, with plans to shift production capacity from Model S and Model X to Optimus and Cybercab by the end of Q2 2026. By the end of 2026, the robots will handle more complex tasks, with public sales expected by the end of 2027 [16]. - Figure has launched the Helix 02 robot model, featuring a highly integrated control system that allows for advanced humanoid control and dexterous operations [17]. - Galaxy General has introduced the Galbot S1, an industrial-grade heavy-duty robot capable of operating in complex environments with a maximum load capacity of 50 kg and a working height of 2.3 m [19]. - Tianchuang Robotics has formed a strategic partnership with Softcom Tianxu to develop intelligent robotic and digital twin systems for various industrial applications [21]. - The company A-Tongmu has submitted an application for listing on the Hong Kong Stock Exchange, aiming to leverage the special technology company channel [23]. Summary by Sections Market Review - The robotics index experienced a decline of 5.7% from January 26 to February 1, 2026, underperforming compared to major indices [11]. Industry Dynamics - Tesla's plans for humanoid robot production and the introduction of new models like Helix 02 and Galbot S1 highlight significant advancements in the robotics sector [16][17][19]. - Strategic collaborations, such as that between Tianchuang Robotics and Softcom Tianxu, indicate a trend towards integrated solutions in the robotics industry [21].

来源：环球网 【环球网科技综合报道】2月2日消息，特斯拉官方宣布，第三代特斯拉人形机器人即将亮相，可通过观 察人类行为学习新技能，预计年产百万台。 特斯拉官方账号还透露了更多细节：第三代人形机器人将在 2026 年亮相，它是特斯拉第一款走向量产 的人形机器人。 据此前报道，埃隆·马斯克曾声称，特斯拉的Optimus人形机器人将在短短三年内超越世界上最好的人类 外科医生。 马斯克说，"目前优秀外科医生短缺，成为一名好医生需要很长时间的学习，而且即便如此，知识也在 不断发展。医生的时间有限，他们也会犯错。"外媒称，一位卫生政策专家表示，马斯克"过于乐观"， 很多很多年内，机器人被广泛用于大型手术"是不可能的"。（思瀚） ...

Core Viewpoint - Tesla is transitioning from an automotive company to a robotics company, with the humanoid robot Optimus as a central strategic focus, aiming for a production capacity of one million units in the long term [1] Group 1: Product Development - Tesla announced the upcoming launch of its third-generation humanoid robot, which has been completely redesigned based on first principles and can autonomously learn new skills by observing human behavior [1] - The current production of robots is limited to basic tasks such as handling and sorting within Tesla's factories, with limited autonomous capabilities and reliance on human remote intervention [1] Group 2: Strategic Vision - CEO Elon Musk stated that the Optimus project could potentially elevate Tesla's valuation to $25 trillion, with the business expected to contribute significantly to the company's overall market value [1] Group 3: Production Challenges - The production progress of Optimus has not met expectations, with a target of 5,000 units set for 2025, but only a few hundred units have been produced due to issues such as low yield rates of joint motors and supply chain instability [1]