财联社·2025-11-11 10:47Core Viewpoint - Goldman Sachs conducted a field research report on the supply chain of humanoid robots in China, revealing that companies are planning significant production capacity expansions despite a lack of confirmed large orders [1][2]. Group 1: Research Findings - The report surveyed nine companies in the Chinese robotics industry, including Sanhua Intelligent Control, Top Group, and Shuanghuan Transmission, indicating a planned annual production capacity ranging from 100,000 to 1,000,000 robot equivalents [1]. - Goldman Sachs predicts a global shipment of 1.38 million units by 2035, highlighting an optimistic outlook for the supply chain's growth potential [1]. - None of the surveyed companies confirmed receiving substantial orders or provided a clear mass production timeline, raising concerns about potential "overcapacity" in the robotics supply chain [1]. Group 2: Industry Insights - Despite the current contrast between the vacuum of orders and the expansion of production capacity, industry insiders caution against prematurely concluding "overcapacity," as proactive planning is often characteristic of emerging industries on the rise [2].