宇树科技王兴兴：指望机器人能够在干活场景产生较大的价值不太现实

Core Viewpoint - The humanoid robot market is experiencing significant growth driven by demand, with manufacturers seeing an average increase of 50% to 100% in sales [3][4]. Industry Development - The humanoid robot market is "very hot" this year, with expectations for annual shipment volumes to double in the coming years, potentially reaching hundreds of thousands or even millions in 2 to 3 years if technological breakthroughs occur [3][4]. - The global robotics industry has seen explosive growth in the first half of the year, with domestic manufacturers experiencing an average growth rate of 50% to 100% [3][4]. - Major companies like Tesla and Nvidia are heavily investing in humanoid robots, with Tesla planning to produce thousands of units this year [3][4]. Company Insights - The company has been focusing on international markets, with overseas business accounting for about 50% of its revenue since 2018 [3][4]. - The company aims to develop versatile humanoid robots that can operate in various scenarios, including factories, performances, and homes [4]. - Current hardware for intelligent robots is not perfect but is deemed sufficient, with future efforts focused on improving hardware details, reducing costs, and enhancing reliability [4][5]. Technological Challenges - The biggest challenge in the industry is the development of robust robot models, with current AI capabilities being insufficient [4][5]. - The company believes that the focus should shift from data to model architecture, as the latter is crucial for advancements in AI technology [5][7]. - There is an expectation that breakthroughs in AI technology will occur within the next 2 to 5 years, leading to a large-scale application era [7].