据介绍，围绕这种"可控性优先"，博泰车联进行了三方面系统性重构。 一是技术底座与供应链重构。博泰车联以开源鸿蒙为核心，深度投入操作系统自主研发，并将芯片供应 安全提升至战略高度。构建覆盖"芯片设计—制造—封装—测试—认证—应用—追溯"的全链条能力；同 时深化与国内外头部芯片企业合作，共同定义规格、建立多元供应体系，确保智能汽车"心脏"(芯片) 与"神经系统"(操作系统)的长期稳定可控。 面对这一变局，博泰车联创始人应宜伦给出了答案。 "对自身命运链条的掌控力，不仅是供应链安全——尤其是智能汽车"心脏"芯片的稳定供应，更是技术 路线的自主权、商业规则的适应性以及组织在压力下的生存韧性。"应宜伦表示，AI和具身智能是重塑 汽车的"工具"，若没有稳定可靠的"芯片"和自主的"手"来掌握工具，一切颠覆都只是空中楼阁。 在应宜伦看来，竞争力的底层逻辑正从"因为领先，所以安全"转向"因为安全、可控，所以敢于领先并 持续领先"。 2月20日，港股迎来春节后首个交易日，当日机器人、港口航运等板块表现活跃。港交所主席唐家成在 开市仪式上透露：截至当日，2026年以来香港市场已有24只新股上市，募资额超870亿港元。 在AI技术加 ...

Market Overview - The Hang Seng Index is expected to hold at 26,000 points, influenced by the hawkish stance of the newly appointed Federal Reserve Chair and a rebound in the US dollar index, which has led to profit-taking in the commodity market [2] - The Chinese GDP growth target for 2026 is anticipated to be set at 4.5%-5%, lower than the previous target of around 5% for 2025, as many provinces have lowered their GDP goals ahead of the Two Sessions [2] - Regulatory measures have been implemented to cool the market, including increased financing margin ratios on the Shanghai and Shenzhen stock exchanges, leading to a collective reduction in leverage across the three markets [2] Sector Focus - AI stocks are expected to perform well due to intensive upgrades in AI large models and rapid growth in the semiconductor industry [3] Corporate News - Estun (002747.SZ), a company specializing in industrial robots, has passed the Hong Kong Stock Exchange listing hearing, targeting high-end industrial equipment markets [10] - Alibaba's Qianwen App facilitated nearly 200 million "one-sentence orders" during the Spring Festival, indicating a significant increase in user engagement [10] - Ant Group reported that its "AI Payment" and Ant Assistant App have both surpassed 100 million users, marking a significant milestone in AI-driven payment solutions [10] - JD Group reported a fourfold increase in user visits to its robot products during the Spring Festival, highlighting a growing interest in robotics and AI-related products [8][10] Economic Indicators - The Hang Seng Index closed at 27,081 points, up 668 points or 2.5%, with a total market turnover of HKD 173 billion [6] - The CRB Commodity Index decreased by 0.28% year-to-date, while gold prices increased by 2.35% [5] - The vacancy rate for Grade A offices in Central Hong Kong fell to 10.1%, the lowest level since 2023, indicating a recovery in leasing demand driven by financial institutions [8][10]

Core Insights - The core point of the news is that Zhifang, a general intelligent robotics company, has recently completed a Series B financing round exceeding 1 billion RMB, achieving a valuation of over 10 billion RMB, making it the first unicorn in Shenzhen's embodied intelligence sector in 2026 [2][12]. Financing and Valuation - Zhifang has become one of the fastest-growing companies in the global embodied intelligence sector, completing a total of 12 financing rounds within a year, including five rounds in the recent financing cycle [2][12]. - The investment consortium includes major players such as Baidu, CRRC Capital, and Tesla ecosystem leaders, indicating strong interest from both internet and AI giants as well as state-owned enterprises [13]. Industry Context - The embodied intelligence sector is currently one of the hottest investment areas, with 744 investment events and a total financing amount of 73.543 billion RMB reported in the robotics field by the end of 2025 [3][13]. - Zhifang was founded in April 2023 by Guo Yandong, a former core AI team member at Microsoft, focusing on productivity-oriented general intelligent robots [3][14]. Technological Development - Zhifang specializes in developing its own embodied large model, GOVLA, which has shown significant performance improvements compared to similar models from Google, achieving over 80% performance enhancement despite being only 1/20th the size [4][14]. - The company has introduced an end-to-end model that integrates various functionalities, allowing robots to perform complex tasks across different scenarios [5][14]. Commercialization Efforts - Zhifang has made significant strides in commercialization, including a partnership with a major semiconductor panel manufacturer, Huike, which has resulted in a large-scale delivery plan for 1,000 robots over three years [18]. - The company plans to establish 1,000 modular intelligent service spaces, covering various commercial and tourism scenarios in the next three years [18]. Future Outlook - Starting in 2026, the focus will be on leveraging stable intelligent hardware to create a closed-loop of commercial and data applications in real-world scenarios [8][19]. - The industry is expected to see a significant increase in humanoid robot shipments, with projections indicating that global shipments could exceed 50,000 units by 2026 [19].

截至2026年2月24日 09:33，机器人ETF(159770)成交1.41亿元。跟踪的中证机器人指数(H30590)上涨0.77%，成分股华昌达上涨3.57%，大族激光上涨 3.23%，拓邦股份上涨2.90%，晶品特装上涨2.61%，科沃斯上涨2.53%。 2026年春晚舞台迎来国产机器人集群亮相，宇树科技、银河通用、松延动力、魔法原子等多家企业集中登场，机器人参与舞蹈、武术、小品、微电影等 多类节目，成为本届春晚科技亮点。本次机器人企业组团登台，覆盖足式、人形、具身智能等多类产品形态，展现国内机器人产业技术落地与商业化提 速，相关板块关注度显著提升。 京东数据显示，除夕至初五，机器人产品访问用户量同比提升超4倍，搜索"机器人"的用户同比增长25倍。同时，春节期间机器人租赁需求也大幅增 长，机器人租赁平台擎天租预计春节期间订单量将突破5000单。 随着机器人技术的进步，机器人企业积极拓展商演、教育、零售等应用场景，预计2026年将迎来订单量与交付规模的增长。 截至2月13日，机器人ETF(159770)最新规模达103.71亿元，最新份额达92.65亿份，均创近1月新高。资金流入方面，机器人ETF(159 ...

Investment Rating - The report suggests an "Overweight" rating for humanoid robots, AI applications, innovative drugs, and new consumption sectors [5][19]. Core Insights - The report highlights a strong growth potential in humanoid robots, with a projected shipment of nearly 18,000 units globally by 2025, representing a year-on-year increase of 508% [5]. - AI applications are expected to maintain steady growth, supported by the Ministry of Industry and Information Technology's initiative to build a national computing network [5]. - The innovative drug sector is experiencing a shift towards platform capabilities, as evidenced by a significant partnership between Innovent Biologics and Eli Lilly, valued at over $8 billion [9]. - New consumption trends are emerging, with adjustments in CPI statistics reflecting the inclusion of new categories such as dishwashers and medical beauty services [5]. Summary by Category Humanoid Robots - Rating: Overweight - Technical Indicators: Strong - Growth Expectation: Medium, stable growth anticipated - Key Data: IDC forecasts a shipment of nearly 18,000 humanoid robots by 2025, a 508% increase year-on-year [5]. AI Applications - Rating: Neutral + Overweight - Technical Indicators: Weak, but stabilizing - Growth Expectation: Medium, slight downward adjustment expected - Key Data: The Ministry of Industry and Information Technology has initiated the construction of a national computing network [5]. Innovative Drugs - Rating: Overweight - Technical Indicators: Strong - Growth Expectation: Low, upward revision expected - Key Data: Significant partnership between Innovent Biologics and Eli Lilly, valued at over $8 billion, marks a new phase in China's innovative drug export strategy [9]. New Consumption - Rating: Overweight - Technical Indicators: Strong - Growth Expectation: Low, stable growth anticipated - Key Data: CPI adjustments include new consumption categories, indicating a shift in consumer behavior [5].

文 | 银发财经 对行动不便者而言，独立出行曾是难题，而智能轮椅这一设备，正是科研者与创业者秉持"助力行动自 由"的初心，用四十年从实验室雏形打磨而成的智能辅助工具。 本文将跳过晦涩术语与生硬数据，聚焦智能轮椅四十年的发展历程，探寻其从实验室走向现实的坚守与 突破"。 1. 1986-2005年，开荒年代——只为证明"这件事，能成" 上世纪80年代，全球科技尚处懵懂期，计算机笨重、传感器精度不足，但一群科研者率先提出设想：让 轮椅实现自主移动、无需人力操控，这便是智能轮椅四十年征程的起点。 这一阶段毫无商业化诉求，所有参与者的核心目标只有一个：验证"机器人技术可应用于轮椅"的可行 性。 1986年，亚利桑那州立大学科研团队做出第一台自主轮椅原型机——将普通轮椅连接笨重计算机和简易 传感器，虽能勉强自主移动，却无法有效避障，极易"卡壳"。但这台粗糙的原型机，为行业奠定了信 心：这件事，能成。 此后十几年，"开荒者"不断增多：1992年日本NEC推出自动导向轮椅，可在固定路线自主导航，拓宽了 应用想象；密歇根大学研发的NavChair辅助导航系统，以"辅助省力"为核心，帮助上肢障碍用户实现独 立操控，成为"共享控 ...

来源：光明日报 王兴军介绍，这种"高容量、低功耗、微型化"的传输系统，将成为未来低空智能、具身智能、绿色数据 中心等诸多前沿领域不可或缺的"大动脉"，为我国在下一代高密度计算网络建设中构建核心优势提供了 坚实的技术支撑。 新知解码 什么是边缘计算 以城市交通打个比方：云端计算就像把所有车辆都导向一个大型中心车站进行调度——虽然强大，但距 离远、易拥堵。边缘计算则是把小型调度站直接建在各个街区路口。 进一步，智能汽车要识别突然从马路冲出的行人，如果先把视频传给云端服务器，等指令传回，事故早 已发生。边缘计算就是让车辆或路边的基站瞬间完成判断和反应。它把计算能力从遥远的"中央大脑"下 沉到我们身边的"神经末梢"——比如大家身边的手机、路灯上的传感器等。 本报北京2月23日电（记者晋浩天） 当你惊叹于自动驾驶汽车流畅的避障，或陶醉于无人机集群精准的编队表演时，可能并未察觉，支撑这 些智能场景的海量数据正在无数边缘节点间疾速奔流。然而，承载这些数据洪流的传统光通信设备，往 往体积庞大、能耗高昂，犹如给灵巧的"飞鸟"绑上了沉重的"铅块"，严重制约了边缘智能的广泛部署。 如今，这一困境有望被一枚硬币大小的芯片破解。北京大 ...

Core Insights - The article highlights that Zhifang Intelligent Robotics has recently completed a Series B financing round exceeding 1 billion RMB, achieving a valuation of over 10 billion RMB, making it one of the highest-valued embodied intelligence companies in Shenzhen [1][3] - The company is recognized as one of the fastest-growing players in the global embodied intelligence sector, having completed a total of 12 financing rounds within a year [1][3] - The investment round attracted a prestigious lineup of investors, including Baidu, CRRC Capital, and Tesla ecosystem leaders, indicating strong market confidence in the company's technology and growth potential [1][3] Company Overview - Zhifang was founded in April 2023 by Guo Yandong, a former core AI team member at Microsoft, focusing on productivity-oriented general intelligent robots [3][4] - The company has developed its own embodied large model, GOVLA, which significantly enhances performance while being smaller in scale compared to similar models from Google [4][6] - The company aims to leverage its proprietary technology to drive the iteration of its AlphaBot series of robots and expand production lines [1][4] Industry Context - The embodied intelligence sector is currently one of the hottest investment areas, with 744 investment events and a total financing amount of 73.543 billion RMB reported in 2025 [3] - The industry has seen a shift from hardware-focused development to a focus on embodied large models and their commercial applications [3][5] - The competition in the humanoid robot market is intensifying, with companies like Zhifang aiming to establish themselves as leaders in the sector, particularly in Shenzhen [9] Technological Advancements - The GOVLA model allows for full-body control and movement trajectory, enabling robots to perform tasks across various scenarios without needing retraining [6][7] - The company has implemented a unique training acceleration system using a kilowatt-level computing cluster to enhance robot perception and operational speed [7] - Zhifang's robots are designed to provide humanoid services in real-world settings, which is seen as a critical competitive advantage in the market [8][9] Commercialization Efforts - Zhifang has secured significant commercial contracts, including a three-year order for 1,000 robots from a major semiconductor panel manufacturer, recognized as one of the largest single orders in the field [8] - The company plans to deploy 1,000 modular embodied intelligent service spaces in various public and commercial settings over the next three years [8] - The collaboration with CRRC Capital highlights the strategic alignment between high-end manufacturing and embodied robotics, providing a fertile ground for product testing and deployment [8]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 马年伊始，具身智能领域迎来重磅融资消息。 2月24日，具身智能头部企业千寻智能（Spirit AI）在近期连续完成两轮融资近20亿元，该融资总额创 下近期具身智能领域新高。 本轮融资阵容堪称行业资本的集中亮相：云锋基金、某头部国资机构、混沌投资（葛卫东）、红杉中国 等超一线机构重磅入局；Synstellation Capital、TCL创投、明荟投资（汇川技术董事长朱兴明家办）等 产业资本协同加注；重庆产业投资母基金、杭州金投等国有资本鼎力支持；360基金、厚雪资本等战投 机构共同参与，形成覆盖顶级资本、产业巨头、国有资本及战投大咖的全方位赋能格局。 值得关注的是，顺为资本、Prosperity7、达晨财智、柏睿资本、弘晖基金、华泰紫金、东方嘉富、千乘 资本、广发信德等老股东全部选择继续大额认购，以持续加码的实际行动，彰显对公司技术路线与发展 前景的坚定信心。 千寻智能成立于2024年1月，是一家专注于构建机器人"通用大脑"的具身智能公司。公司创始人兼CEO 韩峰涛是一名机器人行业连续创业者。联合创始人高阳是"伯克利归国四子"之一，也是 ...

(本文来自第一财经) 据千寻智能消息，具身智能企业千寻智能近日连续完成两轮融资近20亿。投资方包括云锋基金、某头部 国资机构、混沌投资（葛卫东）、红杉中国等超一线机构，Synstellation Capital、TCL创投、明荟致远 等产业资本，重庆产业投资母基金、杭州金投等国有资本，以及360基金、厚雪资本等战投机构。顺为 资本、Prosperity7、达晨财智、柏睿资本、弘晖基金、华泰紫金、东方嘉富、千乘资本、广发信德等老 股东继续大额跟投。 ...