Figure03打开家庭应用场景，车企加速布局具身智能

Investment Rating - The report maintains a "Recommended" rating for the automotive industry, indicating a positive outlook for investment opportunities [2][10]. Core Insights - The report highlights the significant advancements in humanoid robots, particularly the Figure 03 model, which showcases enhanced capabilities for household tasks and is positioned for mass production [4][5][6]. - The collaboration between SaiLisi and Volcano Engine is seen as a positive signal for the integration of AI technology in the automotive sector, aiming to enhance the smart vehicle ecosystem [7][8]. Market Performance and Valuation Levels - The automotive sector index fell by 1.5%, underperforming the broader market, with various segments showing mixed performance [18][22]. - The report notes that the retail sales of passenger vehicles in September reached 2.239 million units, a year-on-year increase of 6% [43]. Industry Data Tracking - The report provides insights into the wholesale data for passenger vehicles, indicating a total of 2.770 million units sold in September, reflecting an 11% year-on-year growth [48]. - The report tracks the price trends of raw materials, noting a decrease in steel, copper, and aluminum prices [51]. Company Announcements and Industry News - The report mentions that Mould Technology plans to reduce its shareholding, which will not affect its control over the company [56]. - The launch of the Figure 03 humanoid robot is highlighted, emphasizing its potential for both household and commercial applications [61].