先进制造行业周报：特斯拉Optimus软硬件迭代升级，小鹏计划明年推出第五代人形机器人-20250526

Investment Rating - The industry investment rating is "Overweight" [3][22]. Core Viewpoints - The report emphasizes the potential growth in the humanoid robot sector, with a projected global demand of approximately 2 million units by 2030, indicating a significant breakthrough phase from 0 to 1 [6][16]. - The report highlights the advancements in Tesla's Optimus robot, showcasing its ability to perform complex household tasks and its ongoing software and hardware improvements [7][10]. - The report suggests a focus on leading companies in the humanoid robot supply chain, including those linked to Tesla, Huawei, and Figure, as the industry enters a phase of rapid development and innovation [16]. Summary by Sections Humanoid Robots - Tesla's Optimus robot has demonstrated capabilities in household tasks and is progressing towards mass production, with software and hardware functionalities evolving [7][10]. - Figure's robots have shown commercial viability by working continuously for 20 hours on production lines, indicating reliability and battery life improvements [10]. - Xiaopeng Motors plans to launch its fifth-generation humanoid robot by 2026, enhancing its computational capabilities and learning models [10][12]. - The first global standard for humanoid robot intelligence has been established, providing a framework for product design and performance benchmarking [15]. Other Key Industries - In the photovoltaic equipment sector, the penetration rate of N-type technology is accelerating, strengthening the competitive edge of leading companies [17]. - The energy storage industry is experiencing growth due to favorable policies, with a focus on battery, inverter, and integration companies [17]. - The semiconductor equipment market is expected to reach $140 billion by 2030, with an increasing share from mainland China, highlighting the need for domestic alternatives [18]. - The automation market is projected to grow from approximately 40 billion to 55.7 billion by 2026, benefiting from increased concentration and import substitution [18]. - The hydrogen energy sector is gaining traction with green hydrogen aligning with carbon neutrality goals, supported by rapid developments in photovoltaic and wind energy [18]. - The engineering machinery sector remains strong, with recommendations to focus on leading companies with product, scale, and cost advantages [18].