摩根斯坦利研报：均胜电子双轮驱动掘金机器人万亿赛道

Group 1 - The core viewpoint of the article is that humanoid robots are expected to lead the rise of technology stocks in the coming years, with Morgan Stanley identifying 25 companies poised to dominate this industry, including seven Chinese firms like Joyson Electronics [1] - Joyson Electronics is leveraging its expertise in automotive safety and electronics to pivot into the robotics sector, which is seen as a "re-entrepreneurship" move [1] - The company has a technological advantage as its robotics business is closely related to its automotive business, allowing for cost-effective transitions and control [1] Group 2 - Joyson Electronics has invested significantly in R&D, with expenditures reaching 10 billion yuan over the past three years, positioning itself well for the upcoming mass production phase of humanoid robots [2] - The company has already made strides in the robotics field, launching a series of products that cover the entire robotics chain, and has established long-term collaborations with leading robotics firms [2] - Joyson Electronics has partnered with various companies, including a collaboration with Zhiyuan Robotics for joint R&D and a partnership with Alibaba Cloud to develop advanced cognitive robots [2] Group 3 - Morgan Stanley forecasts that global sales of robotics hardware will surge from $100 billion in 2025 to $5 trillion by 2030, and further to $25 trillion by 2050, indicating a massive growth opportunity in the robotics sector [3] - Joyson Electronics is strategically positioned to capitalize on this growth by combining its automotive and robotics capabilities, aiming to tap into the trillion-dollar market [3]