AI：人形机器人的降本量产加速器

Investment Rating - Investment recommendation: Outperform the market (maintained) [8] Core Viewpoints - The rapid development of AI technology provides new ideas and methods for reducing costs in humanoid robots through accelerated R&D cycles, optimized production processes, and precise supply chain management. The era of mass production for humanoid robots may accelerate as costs significantly decrease [4][15][19]. Summary by Sections 1. AI Breakthrough: Unlocking Cost Reduction for High "Idiot Index" Robot Materials - AI can manage and optimize production processes across R&D, manufacturing, and supply chain, significantly improving efficiency and product quality while reducing waste [11][12]. - AI's ability to analyze vast amounts of data allows for the establishment of relationships between material properties and compositions, enhancing the discovery of new materials [29][32]. 2. New Materials: AI Opens New Paths for Cost Reduction in Humanoid Robot Materials - The main organic polymer materials used in humanoid robots include PEEK, PPS, carbon fiber, PDMS, and TPU, which are essential for lightweight and heat-resistant applications [52][53]. - PEEK is highlighted for its superior properties, making it an ideal substitute for metals in humanoid robots, contributing to weight reduction while maintaining strength [54][58]. 3. Application: AI Reshapes the Design Landscape of Humanoid Robots - The integration of AI in R&D and production is expected to lead to significant cost reductions for high "idiot index" materials, facilitating the widespread adoption of humanoid robots [14][19]. - AI's cross-disciplinary collaboration and innovative design capabilities are set to redefine the design processes of humanoid robots, moving beyond traditional methods [14][18]. 4. Investment Recommendations: Focus on AI-Driven Cost Reduction and Mass Production Opportunities - Key investment opportunities include AI-enabled high-elasticity material suppliers and downstream application growth areas such as home services, industrial manufacturing, and healthcare, which will benefit from reduced costs of humanoid robots [15][19].