智通财经网·2025-09-10 03:12Core Viewpoint - The report from China Merchants Securities International highlights the positive developments in the AI + smart driving and AI + robotics sectors, leading to enhanced sector effects and increased valuations for leading stocks [1] Investment Strategy - The investment strategy suggests a long-term layout, a mid-term focus on delivery realization, and a strong recommendation for key leading companies [1] Recommended Stocks - The report specifically recommends the following stocks: - Humanoid robot: First recommendation is UBTECH Robotics (09880) - Xpeng Motors (09868) for smart driving - Key suppliers in the smart driving supply chain include Horizon Robotics (09660), Hesai Technology (02525, HSAI.US), and SUTENG JUCHUANG (02498) - For robotics components, attention is drawn to Sensata Technologies (00425) [1] Target Price Adjustments - The target prices for UBTECH Robotics and Horizon Robotics have been raised to HKD 155 and HKD 13.8 respectively, while maintaining a "Buy" rating [1]