Tesla(US:TSLA) GUOTAI HAITONG SECURITIES·2026-01-24 15:05Investment Rating - The report assigns an "Accumulate" rating for the robotics industry [4]. Core Insights - Major overseas players are deepening their strategies, with OpenAI entering the robotics field and embodied intelligence accelerating in Europe. In China, new products and operational scenarios are flourishing, leading to breakthroughs in both production scale and data elements. The investment and financing market is robust, with expansions in the robotics supply chain and production capacity [2]. Summary by Sections Industry News and Company Dynamics - Optimus is already operational in factories and is expected to begin consumer sales by the end of 2027. CEO Elon Musk confirmed this timeline at the World Economic Forum in Davos, stating that several units are currently performing simple tasks and will be ready for more complex operations soon [6]. - UTree Technology announced that it exceeded 5,500 units in actual sales of humanoid robots for 2025, with over 6,500 units produced. The company clarified that this figure refers to actual sales delivered to end customers [7]. Investment Dynamics - The financing demand in the robotics sector is increasing, with Skild AI raising approximately $1.4 billion in funding led by SoftBank and NVIDIA, focusing on developing a general-purpose robotic "brain" [9]. - Zhejiang Human Robot Innovation Center completed a Pre-A round financing of 450 million yuan, with a strong lineup of investors, aimed at advancing core technologies and scaling production [9]. Investment Recommendations - The report suggests focusing on both complete robotics manufacturers and core component suppliers. Recommended companies include: 1. Actuators and Motors: Zhaowei Electromechanical, with related companies Mingzhi Electric and Jiechang Drive. 2. Reducers: Recommended companies include Ruidi Zhichu and Haoneng Co., Ltd. 3. Lead Screws: Recommended company Hengli Hydraulic, with related companies including Zhejiang Rongtai and Best. 4. Equipment for Lead Screws: Recommended company Qin Chuan Machine Tool, with related companies including Rifa Precision and Huachen Equipment. 5. Bearings: Recommended company Longxi Co., Ltd. 6. Sensors: Recommended companies include Donghua Testing and Anpeilong, with related companies like Lingyun Co., Ltd. 7. Complete Machines: Related companies include Ubtech and Yijiahe [10][12].