大摩：中国下半年将掀起“人形机器人热潮”

Group 1 - Morgan Stanley predicts that humanoid robots will be "widely adopted" in China in the second half of this year, indicating a growing advantage for China in this field compared to the US and other countries [1][2] - The report emphasizes that "downstream applications" will be the main focus for the robotics industry for the remainder of the year, highlighting the need for extensive training data to improve success rates and efficiency [3] - Recent large commercial orders in China support the positive outlook for humanoid robots, including a 90.51 million yuan procurement project by UBTECH and a 124 million yuan contract for a humanoid robot project by Zhiyuan Robotics [3] Group 2 - Morgan Stanley previously stated that China holds a dominant position in artificial intelligence and humanoid robotics, with a widening gap between China and the US [4] - By 2050, it is projected that there will be approximately 302.3 million humanoid robots in China compared to 77.7 million in the US, driven by significant support for "embedded artificial intelligence" in China [4] - The Beijing Municipal Development and Reform Commission has launched an action plan aiming to cultivate at least 50 core enterprises in the humanoid robotics industry by 2027, indicating strong government support for this emerging sector [5] Group 3 - The global humanoid robot market is expected to exceed $5 trillion by 2050, with nearly 1 billion humanoid robots projected to be in use, primarily for industrial and commercial purposes [5] - Only about 10% of humanoid robots are expected to be used in home environments due to high costs, which will be a significant limiting factor [5]