Quan Jing Wang·2025-11-06 00:55Core Insights - Elon Musk's production plan for the humanoid robot Optimus has garnered significant industry attention, predicting an annual output of 50 million to 100 million units by 2035, potentially surpassing the human population [1][2] - The joint magnetic components are identified as a core part, with the potential to "recreate a global magnetic material market" [1][2] Company Overview - Jinli Permanent Magnet has secured a leading position in the supply chain as a primary supplier for Tesla, having entered the supply chain in 2020 to exclusively provide neodymium-iron-boron magnets for Optimus, with small batch deliveries expected in 2024 [1] - The company also serves domestic firms such as Yushutech and Ubtech, covering the full magnetic component needs for 20-degree-of-freedom humanoid robots [1] Technical Developments - Jinli Permanent Magnet has achieved a breakthrough through grain boundary penetration technology, reducing the use of dysprosium and terbium by 40% while increasing the coercivity of the magnets to 45 kOe, aligning with the performance requirements of high-end humanoid robots [1] Market Potential - Different institutions have optimistic forecasts for the market size, with CMB International predicting that global humanoid robot shipments will reach 4 million to 10 million units annually by 2035, with a compound annual growth rate of 70.6% to 84.9% from 2024 to 2035 [2] - The market for joint magnetic components is expected to reach 50 billion yuan by 2035, contributing to the creation of a new global magnetic material market [2] Production Timeline - Musk has outlined a clear roadmap for technology iteration and mass production, with 2025 marked as the year of mass production for Optimus, targeting 5,000 units produced [2] - By the end of 2026, a production line capable of producing 1 million units annually is expected to be launched, with a mid-term goal of 10 million units [2] Financial Implications - If Musk's vision for 50 million to 100 million units by 2035 is realized, the market for magnetic components supplied to Tesla alone could reach 250 billion to 500 billion yuan [2] - The comprehensive cost of magnetic components for a single robot is estimated at approximately 2,400 yuan, with a potential selling price exceeding 5,000 yuan due to high-performance material requirements and tariffs [1]