国泰海通证券研究·2025-10-20 13:39Core Insights - The article highlights the launch of the ZhiYuan Spirit G2 humanoid robot by ZhiYuan Robotics and Junpu Intelligent, marking a significant step in the commercialization of interactive embodied intelligence technology in the automotive parts manufacturing sector [1][2] - The humanoid robotics industry in China is experiencing rapid commercialization, with major companies releasing new products and securing significant orders [1][3] Group 1: Product Launch and Applications - The ZhiYuan Spirit G2 was unveiled during a launch event in Ningbo, with the first batch of robots set to be delivered under a procurement contract worth over 100 million yuan with Junsheng Electronics [1][2] - The initial deployment of the G2 will occur on Junsheng Electronics' automotive parts production line, facilitating a transition from "human-machine collaboration" to "machine-led" operations, thereby enhancing production efficiency and reducing operational errors [2] Group 2: Market Developments - The production capacity for embodied intelligent robots is set to expand, with Junpu Intelligent announcing plans to establish a production line with an annual capacity of over 3,000 units, preparing for broader industrial applications of the G2 [2] - UBTECH Robotics secured a significant order worth 126 million yuan for the procurement and installation of equipment for a data collection and testing center, contributing to a total of over 630 million yuan in orders for its Walker humanoid robot series this year [3]