Unitree As2自重18kg，体重105kg的成人站上去后，其依然能保持稳定。 视频Demo中，Unitree As2挑战了多种复杂路况和恶劣天气，能在河沟、雪地、丛林、乱石路中自由穿行。 2月24日，宇树科技发布新款四足机器人Unitree As2，称其动力性能约为当前主力四足机器人Go2的两倍。 参数显示，Unitree As2具备90N.m峰值扭矩，空载续航超4小时，采用IP54防雨水设计，极限速度达5米/秒，负载15kg时续航超13km。 此外，Unitree As2可选配加载7轴灵巧机械臂等配件，多出"一只手"后，它便成了能对打网球的伙伴。 上证聚焦｜人形机器人崛起 （文章来源：上海证券报） 软件方面，Unitree As2配备仿生具身大模型，并升级了智能伴随系统，可以随着人类方位行进，并根据人类手势移动、跳起，呈现类似人与宠物狗一样的 交互。 ...

一、研究报告 （点击标题查看报告） 三、深度报告节选 【宏观】 新春经济温和修复 春节出行和消费市场呈温和回升、层次鲜明特征，政策聚焦扩内需优结构，实体、物价、流动性各维度数据表现分化。 春运前19天跨区域人员流动日均2.48 亿人次、同比增5.1%，水运成增长亮点，出行市场进入常态化周期；商品消费依托政策与消费升级实现量价回升，智能产品成亮点，服务消费中旅游表现亮 眼，电影消费受供给质量影响表现平淡。近两周政策围绕扩内需稳增长、优结构强创新双线发力，兼顾短期与中长期发展。实体端内需待振外需亮眼，生产分 化，基建资金充裕但项目短缺问题的仍存，节前停工早于往年，出口仍有韧性或对经济起到托底作用，生产分化持续；物价上CPI小幅上涨、PPI整体平稳； 流动性保持合理充裕，人民币持续升值。 风险提示：贸易局势不确定性，国内需求修复不及预期 。 >>以上内容节选自国泰海通证券已经发布的研究报 告： 新春经济温和修复 ， 具体分 析内容（包括风险提示等） 请详见完 整版报告。 01、 宏观｜ 新春经济温和修复 26.02.22 02、 宏观｜ 春节期间：海外有何变化 26.02.22 03、 固收｜ 春节期间不可错过的事 ...

Group 1 - The visit of German Chancellor Olaf Merz to China signifies a pivotal moment for Europe, indicating a potential shift in geopolitical dynamics and economic cooperation [1][3][4] - The recent U.S. Supreme Court ruling against tariffs imposed during the Trump administration provides a legal basis for German companies to recover from significant losses, particularly in the automotive and machinery sectors [3][8] - Germany's strategic focus is shifting towards integrating with the Chinese market while addressing security concerns, reflecting a deeper awareness of geopolitical realities [3][10] Group 2 - The discussions during Merz's visit are expected to cover not only economic and climate issues but also security matters, marking a significant change in Germany's approach to China [4][10] - The emphasis on cooperation with China in advanced technologies, such as those represented by Yushutech, highlights the transition from traditional partnerships to cutting-edge innovation [5][7] - Germany's strategy aims to balance cooperation with China while maintaining military ties with the U.S., showcasing a flexible approach to international relations [10][12] Group 3 - The notion of "strategic autonomy" is emerging as Europe seeks to reduce dependency on a single superpower while diversifying its international partnerships [10][12][14] - The evolving relationship between Europe and China is not merely opportunistic but represents a significant adjustment in multilateral relations, with potential implications for global order [12][14] - The ongoing geopolitical shifts suggest that Europe is exploring new avenues for collaboration that could redefine its role in the international arena [12][14]

Core Viewpoint - Xiaopeng Motors aims to become the first company globally to mass-produce advanced humanoid robots by the end of the year, with a focus on integrating automotive-grade reliability and AI capabilities [1][12][14]. Group 1: Robot Development and Market Position - The new generation of IRON robots will initially be deployed in guiding and shopping scenarios, with an SDK available for global developers [1][12]. - Xiaopeng's IRON robot features a second-generation VLA model and three Turing AI chips, enabling integrated high-level intelligent capabilities such as conversation and walking [2][10]. - The company’s stock performance has shown a significant increase, reaching a market capitalization of HKD 212 billion, driven largely by the anticipated success of the IRON robot [3][5]. Group 2: Competitive Landscape and Challenges - Xiaopeng's approach to robotics emphasizes a combination of automotive-grade standards and integrated intelligence, distinguishing it from competitors like Yushun and Zhiyuan, which focus on different aspects of robotics [2][15]. - The company faces challenges in commercializing its robots, as competitors have already established a presence in the performance and rental markets [6][9]. - The IRON robot's primary applications will be in Xiaopeng's own production and retail environments, which may limit its scalability compared to competitors targeting broader B2B markets [9][10]. Group 3: Strategic Vision and Future Goals - Xiaopeng Motors is transitioning from being an automotive manufacturer to a technology company focused on advanced AI applications, including robots and flying cars [10][12]. - The company aims to leverage its technological advancements to capture significant market opportunities in autonomous driving and AI by 2026 [12][13]. - Xiaopeng's ambition is to redefine mass production standards in the robotics industry, shifting the focus from quantity to quality and reliability [14][15].

Group 1 - The core message of the news is that XPeng Motors is set to launch its next-generation IRON robot by the end of the year, aiming to become the world's first mass-produced advanced humanoid robot [1][2] - XPeng's CEO, He Xiaopeng, emphasizes the integration of automotive-grade reliability standards with AI capabilities, positioning the IRON robot as a unique offering in the market [2][6] - The company's stock performance has shown a significant increase, reaching a market capitalization of HKD 212 billion, driven primarily by the anticipated success of the IRON robot rather than traditional vehicle sales [2][5] Group 2 - The IRON robot is currently in the research phase, with plans for mass production to begin around April next year, following competitors who have already achieved scale [6] - XPeng's IRON robot features advanced technology, including a self-developed Turing AI chip with a computing power of 3000T and a 720° vision system, enabling it to perform complex tasks [7][9] - The commercial application of the IRON robot is focused on enhancing customer experience in XPeng's automotive showrooms, which may limit its scalability compared to competitors targeting broader B2B markets [9]

电子 2026 年 02 月 24 日 行业动态跟踪报告 AI 动态跟踪系列（十六）春晚机器人表演从预设程序走向自主决策 强于大市（维持） 行情走势图 证券分析师 杨钟 投资咨询资格编号 S1060525080001 y angzhong035@pingan.com.cn 徐碧云 投资咨询资格编号 S1060523070002 XUBIYUN372@pingan.com.cn 事项： 马年除夕夜，松延动力、宇树科技、魔法原子和银河通用等机器人公司纷纷登 上央视春晚，炫酷表演成为马年春晚舞台上全场亮点。 平安观点： 行 业 报 告 行 业 动 态 跟 踪 报 告 证 券 研 究 报 告 宇树春晚机器人马年秀出"赛博真功夫"， 集群武术表演成焦点。宇树科 技作为春晚机器人合作伙伴第三次登台亮相，携 G1 与 H2 人形机器人献 上全球首次全自主人形机器人集群武术表演《武 BOT》，演示了翻跟头、 舞棍、跑跳空翻、舞剑等武术特技动作，突破运动性能极限，刷新多个全 球第一次，包括全球第一次连续花式翻桌跑酷、全球第一次弹射空翻等。 其核心亮点在于全自主集群控制技术的首次亮相，同时实现了全球范围内 第一次集群快速跑位，其 ...

春节期间，德国总理默茨在社交媒体上表达了新春祝福，称"愿马年为德中关系注入力量、带来新动 力"，并对访华表示期待。社交媒体平台"X"截图 国际形势的变化，让德国认识到进一步提升对华关系的重要性。春节期间，默茨在社交媒体上表达了新 春祝福，称"愿马年为德中关系注入力量、带来新动力"，并对访华表示期待。"默茨从未为某次出访进 行过如此精心的准备。"德国《明镜》周刊称，默茨花了大量时间倾听德国外交部、经济部等部门关于 对华关系的意见，还邀请了一些知情人士到总理府共进晚餐，就访华相关事宜进行深入沟通。 据《明镜》报道，默茨在基民盟党代会上宣布，他将率领一支"庞大的商务代表团"访华。他强调："如 今，外交政策也是对外经济政策，而后者是我们经济政策的核心组成部分。" 这支商务代表团包括来自拜尔、德国商业银行、大众、宝马、奔驰、西门子、汉高、DHL等公司的约 30位高级商业代表。德媒称，希望与默茨同行的商界高管人数远远超过这个数字。 "近期，中国连续接待了携经济代表团来访的高级政治人物：法国总统马克龙、英国首相斯塔默、加拿 大总理卡尼，还有爱尔兰和芬兰的客人。很快，德国总理默茨也将到访中国……这些访问不仅是常规外 交活动。 ...

Core Insights - The 2026 Spring Festival Gala showcased significant advancements in robotics and AI, marking a historic moment where technology transitions from the lab to public life [2][22] - The event highlighted the collective achievements of various Chinese tech companies, emphasizing the integration of hard technology into everyday life [17][22] Robotics Advancements - Robots at the gala evolved from clumsy performers to skilled entertainers, demonstrating a remarkable transformation over the past year [3] - Major companies like Songyan Power, Yushu Technology, and Magic Atom showcased their robots performing various tasks, indicating a flourishing Chinese robotics industry [3][4][5][7] - Songyan Power's humanoid robots displayed impressive interaction capabilities and movement control, while Yushu Technology's robots set five global records for performance [4][5] AI Integration - AI played a crucial role in enhancing the gala experience, from program production to live interaction, showcasing its maturity and practical application [10][11] - The collaboration with ByteDance's Volcano Engine provided AI support for various aspects of the gala, including visual effects and real-time interaction [11][12] Multi-Robot Collaboration - Magic Atom introduced multi-robot collaboration, demonstrating the potential for large-scale applications in everyday tasks, such as cooking and serving [7] - The synchronized performance of multiple robots highlighted advancements in collaborative control within the robotics sector [7] Industry Trends - The gala served as a platform for nearly a hundred tech companies, signaling a trend towards the commercialization of humanoid robots and AI models in China [17][19] - The positive market response to humanoid robotics, reflected in the rising index, indicates growing investor confidence in the sector [19] Cultural Integration - The integration of technology into the gala sparked discussions about the balance between tradition and modernity, reflecting the evolving nature of cultural expressions [20][21] - The event illustrated how technology can enhance cultural experiences rather than replace them, emphasizing the importance of maintaining cultural roots while embracing innovation [21][22]

2月24日消息，@宇树科技 发布四足机器人Unitree As2。 据介绍，Unitree As2小巧身躯行业性能，90N.m峰值扭矩，空载续航超4小时，IP54防雨水，负载15kg续 航超13km。开放二次开发生态，赋能行业应用。 责任编辑：李思阳 2月24日消息，@宇树科技 发布四足机器人Unitree As2。 据介绍，Unitree As2小巧身躯行业性能，90N.m峰值扭矩，空载续航超4小时，IP54防雨水，负载15kg续 航超13km。开放二次开发生态，赋能行业应用。 责任编辑：李思阳 ...

1月30日，中共中央政治局就前瞻布局和发展未来产业进行第二十四次集体学习。培育发展未来产业， 对于抢占科技和产业制高点、把握发展主动权，对于发展新质生产力、建设现代化产业体系，对于提高 人民生活品质、促进人的全面发展和社会全面进步，都具有重要意义。多位专家将深入解读谋划和布局 未来产业的关键路径和有效实践。 1月30日下午，中共中央政治局第二十四次集体学习聚焦前瞻布局和发展未来产业，释放出强烈信号： 未来产业在即将到来的"十五五"工作中将占据极端重要地位。如何建立高水平的"未来产业瞭望站"，从 海量创新主体中精准识别真正发挥关键作用的"企业主体"，成为赋能未来产业发展的核心抓手与关键举 措。 作为驱动产业创新变革的核心力量，创造型幸福企业在产业演进中扮演着至关重要的多重角色。它们是 产业技术攻坚者，主动对接国家重大科技与未来产业战略发展需求，长期聚焦产业核心"卡脖子"技术， 以底层核心技术突破撬动产业变革。这类企业致力于攻克最复杂、最关键的硬骨头，它们是产业体系的 压舱石，决定着产业的技术天花板、成本结构与竞争格局，真正实现以技术突破定义产业未来，甚至催 生全新的产业形态。他们还是产业生态重构者，以自身为枢纽 ...