人形机器人产业周报：星动纪元完成近10亿元A+轮融资，Figure02已参与3万辆汽车生产-20251124

Investment Rating - The report maintains a "Recommended" investment rating for the humanoid robotics industry [7]. Core Insights - The humanoid robotics concept index experienced a decline of 5.68% from November 16 to November 21, 2025, underperforming the CSI 300 index by 1.91 percentage points. However, year-to-date, the humanoid robotics index has increased by 57.83%, outperforming the CSI 300 index by 41.26 percentage points [2][12]. - Notable stock performances include Weichuang Electric with a weekly increase of 18.56%, while Fangyuan Co. saw the largest decline at 21.32% [17]. Summary by Sections Weekly Market Review - The humanoid robotics index fell by 5.68% during the specified week, while year-to-date performance shows a significant increase of 57.83% [12][2]. - Weichuang Electric and Fangyuan Co. had the highest weekly gains and losses, respectively [17]. Weekly Highlights Policy Developments - Hubei's provincial leadership emphasized the need to enhance scene applications, particularly in integrating "Beidou + humanoid robots" and "Beidou + artificial intelligence" [20]. - Chongqing's Economic and Information Technology Commission released a plan to accelerate the application of embodied intelligent robots in enterprise digital transformation projects [21]. Product and Technology Iteration - Figure AI announced that its second-generation humanoid robot, Figure 02, has participated in the production of 30,000 vehicles at BMW's Spartanburg plant, loading over 90,000 components [22]. - UBTECH's annual production capacity for industrial humanoid robots is projected to reach 5,000 units by 2026 [22]. - Diguo Robotics partnered with Fourier to enhance humanoid robots' capabilities in emotional perception and semantic understanding [23]. Investment and Financing - The embodied intelligence company Star Epoch completed nearly 1 billion yuan in Series A+ financing, led by Geely Capital [25]. Key Company Announcements - GAC Group plans to initiate large-scale production of humanoid robots by 2027, aiming for a production value exceeding 1 billion yuan by 2030 [26]. - Gree Electric has developed core components for humanoid robots, including joint modules [27]. - Shengshi Technology is advancing the localization of the NAO robot supply chain and is set to launch the NAO7 model soon [27].