人形机器人行业周报-周观点：人形机器人本体厂商催化频出，持续关注人形机器人产业链

Investment Rating - The industry investment rating is "Overweight" [4] Core Viewpoints - The humanoid robot industry is experiencing significant catalytic developments, with increased participation from various domestic and international players, including major companies like Huawei, ByteDance, BYD, Xiaomi, and Tesla, indicating a trend towards commercialization and application in industrial scenarios [3][4] - The introduction of advanced models such as the GO-1 and the X2 by Zhiyuan Robotics showcases the integration of AI and humanoid robotics, enhancing operational capabilities [1][2] - The government's support for new technologies, including robotics, is expected to accelerate the development and application of humanoid robots, creating new growth opportunities in the consumer market [2][3] Summary by Sections Industry Dynamics - The humanoid robot industry is entering a phase of diverse innovation and competition, with significant advancements in technology and production capabilities [3] - Key players in the supply chain include component manufacturers such as Sanhua Intelligent Control, Top Group, and various sensor and motor producers, indicating a robust ecosystem supporting the humanoid robotics sector [7] Recent Developments - Zhiyuan Robotics launched the GO-1 model, which utilizes a novel architecture combining multimodal large models and mixed experts [1] - The release of the X2 robot demonstrates the successful fusion of AI and humanoid robotics, enhancing interaction and operational capabilities [1] - Figure introduced the BotQ automated production line, capable of producing 12,000 robots annually, marking a significant step towards commercial viability [2]