SIASUN(SZ:300024) 2 1 Shi Ji Jing Ji Bao Dao·2025-05-23 02:41Core Viewpoint - The automotive industry is increasingly focusing on humanoid robots, which are becoming a central theme at major auto shows, indicating a shift in narrative and growth opportunities for car manufacturers [1][2]. Group 1: Industry Trends - Major auto shows have seen humanoid robots taking on roles traditionally held by car models, highlighting a growing interest in robotics within the automotive sector [1]. - At least six car manufacturers have developed or are collaborating on humanoid robots, with many more investing in or planning to enter this space [1]. - The automotive industry is experiencing a slowdown in electric vehicle sales, prompting companies to seek new growth narratives through robotics [1][10]. Group 2: Company Developments - Honda initiated its humanoid robot project in 1986, leading to the creation of ASIMO, which laid the groundwork for future developments despite its eventual discontinuation [3]. - Tesla's Optimus humanoid robot project was announced in 2021, with plans to produce 5,000 units by the end of 2024 and ramping up to 50,000 units by 2026 [4]. - Companies like Xiaomi, XPeng, and GAC have launched their own humanoid robots, with Xiaomi's CyberOne being one of the earliest examples from a tech company entering the automotive space [5][6]. Group 3: Investment and Collaboration - Investment in humanoid robotics is a significant trend, with established automotive companies backing startups to leverage their supply chain advantages [7]. - The humanoid robot industry is characterized by a collaborative ecosystem where automotive companies and robotics firms can complement each other's strengths [12][14]. - Companies are exploring various applications for humanoid robots, including factory automation and customer service roles, to enhance operational efficiency [10][15]. Group 4: Market Dynamics - The overlap between automotive and robotics industries allows for cost-effective development, as many components used in cars can be repurposed for humanoid robots [8]. - The automotive sector's existing infrastructure and cash flow provide a competitive advantage in rapidly advancing robotics projects compared to startups that rely heavily on external funding [13]. - The shift towards humanoid robots is seen as a response to the need for diversification in the face of declining growth rates in traditional automotive sales [11].