Xin Lang Cai Jing·2026-01-20 13:41Core Insights - The rise of Xinjian Transmission exemplifies the meticulous development of China's manufacturing industry, transitioning from precision gears to becoming a first-tier supplier for Tesla [1][3][19] - Xinjian Transmission has established itself as a leading domestic manufacturer of small modulus worm gears, supplying precision components to renowned global brands [1][3] - The company has made significant advancements in technology, particularly in planetary roller screws, which are critical components for humanoid robots [3][5][21] Company Development - Founded in 1999, Xinjian Transmission initially focused on rolling forming worm gears and seat actuators, gradually expanding into traditional sectors like automotive and renewable energy [1][3] - The establishment of R&D centers in 2005 and 2015 has led to a professional team of over 50 experts, laying the groundwork for future innovations in humanoid robotics [1][3][19] - By 2025, Xinjian Transmission had accumulated over 100 patents, achieving international advanced technology levels in its product offerings [3][19] Industry Position - Planetary roller screws are identified as the core component in humanoid robots, crucial for precise movement and load-bearing capabilities [5][21] - The value of screws in humanoid robots can account for approximately 20% of the total cost, indicating a significant market potential, especially with Tesla's projected production of 1 million units [5][21] - Xinjian Transmission has successfully broken the long-standing monopoly of foreign companies in the planetary roller screw market, positioning itself as a key player in the domestic industry [7][23] Production Capacity - Xinjian Transmission is investing 2.6 billion yuan in a production base capable of manufacturing 1 million planetary roller screws annually, aligning with Tesla's production goals [9][25] - The project is set to be the largest of its kind in China, with completion expected by the end of 2025, enhancing the supply chain for both Tesla and domestic robotics companies [9][25] Strategic Collaborations - The company has formed strategic partnerships with various firms, including Wuzhou Xinchun and Zhejiang Honghui Electric, to enhance its supply chain and production capabilities [10][11][27] - These collaborations are aimed at developing key components for humanoid robots, further solidifying Xinjian Transmission's position in the market [10][11][27] Market Outlook - The humanoid robot industry is on the verge of a significant expansion, with projections indicating a 650% increase in domestic shipments by 2025 [13][29] - Xinjian Transmission's IPO is timed to coincide with this growth, potentially leading to a reevaluation of the entire robotics supply chain and benefiting related companies [13][29] - The increasing demand for critical components like screws and reducers is expected to drive revenue growth for domestic suppliers [13][29]