近日进行的十五运会深圳火炬传递现场，一个充满科幻色彩的身影引人注意——机器人火炬手"夸 父"作为"0号"火炬手，身披运动服零失误完成点火、挥手、奔跑、传递等一连串动作。它来自苏州吴 江，由乐聚机器人、中国移动、哈工大、北京通研院等联合攻关打造，是本届全运会科技创新的热点之 一。 "夸父"和普通人形机器人不同，无需技术人员拿着遥控器在一旁陪跑。这是因为中国移动基于5G- A网络优化了沿线站点，保障15至20Mbps稳定上行速率，可实时回传机器人第一视角的超高清画面，确 保"夸父"精准执行指令。 现场，"夸父"单臂稳稳拿起1.6千克的火炬，按照活动要求，用拟人奔跑姿态完成火炬百米传递任 务。在媒体镜头下和观众注视中，"夸父"的迈步幅度、摆臂节奏和身体重心的转移都很流畅。在斜坡路 段，它也能自主感知地形，实时调整关节姿态，步履稳健地完成交接。 本次火炬成功传递，是乐聚在动态运动控制、负重平衡等复杂环境适应领域的阶段性突破成果。车 间搬运工、走秀模特、博物馆讲解员……人形机器人正解锁越来越多职业，也代表乐聚依托长期技术积 累拓展更多应用场景，建立起一个从研发、制造到部署的全链条产业化体系。 据乐聚机器人长三角大区总经 ...

Group 1 - UBTECH, known as the "first humanoid robot stock," has won the bid for the "Zigong Data Collection Center Project" with a procurement amount of 159 million yuan for its latest autonomous charging humanoid robot, Walker S2 [1] - The total orders for the Walker series humanoid robots have exceeded 800 million yuan for the year [1] - According to Open Source Securities, the mass production of humanoid robots is imminent, with production lines from companies like Tesla and others expected to enter large-scale manufacturing by 2026 [1] Group 2 - The humanoid robot sector is projected to reshape manufacturing, services, and household life over the next 5-10 years, becoming a next-generation universal platform following smartphones and electric vehicles [1] - The industry is anticipated to produce a phenomenon-level product that surpasses the "value of cars and volume of phones" in the next 10-20 years [1] - Short-term focus should be on OEMs and core component suppliers integrated into the supply chain, while long-term investments should target solution providers with deep know-how and implementation capabilities [1] Group 3 - Tuobang Co., Ltd. has established stable cooperation with UBTECH, providing actuator components and has received initial bulk orders [1] - Xiangxin Technology has a complete robot product matrix and has formed partnerships for technology innovation centers and strategic cooperation agreements focusing on flexible operation technology and controllers [2]

以下文章来源于中金研究院 ，作者创新经济组 中金研究院 . 中金研究院 (CICC Global Institute，缩写 CGI)作为中金公司一级部门，定位为新时代、新形势下的新型 智库，服务于中国公共政策研究与决策，参与国际政策讨论和交流，并为中国金融市场尤其是资本市场 发展建言献策。 欢迎来到周子彭机器人播客。在这里，我将与中国优秀的创业者和投资者进行深入对话，共同探索机 器人发展的最前沿。 本期内容 第四期嘉宾：仉尚航 北京大学计算机学院助理教授、北京智源人工智能研究院具身多模态大模型中心负责人 本期时间线 00:02:24 具身智能是什么，为什么近年来兴起？ 具身智能的泛化性来源 00:12:37 具身智能模型的不同路线 00:19:56 00:05:18 具身智能发展的最终目标 00:29:30 具身智能发展的路径 00:36:00 具身智能的操作难题如何攻克 00:41:28 数据的瓶颈与解决尝试 00:51:30 仿真数据能否利用 00:54:20 本体泛化突破将对具身智能发展路径的影响 00:57:46 VLA与世界模型的不同 01:01:12 01:08:43 2026年人形机器人可能的突 ...

Macroeconomic News - On November 4, Li Chenggang, the international trade negotiation representative and deputy minister, met with the U.S. agricultural trade delegation to discuss China-U.S. economic relations and agricultural trade [1] - The Ministry of Commerce announced that starting from November 10, 2025, the current anti-dumping tax rate on imports of non-dispersive single-mode optical fibers from the U.S. will be stopped [3] - The Ministry of Commerce spokesperson stated that from November 10, 2025, export control measures on 15 U.S. entities will be lifted, while measures on 16 other U.S. entities will be suspended for another year [2] Industry Developments - As of the end of September, China's new energy storage capacity exceeded 100 million kilowatts, ranking first in the world, with a growth of over 30 times compared to the end of the 13th Five-Year Plan [6] - The founder of Yushutech, Wang Xingxing, projected that the average growth rate for domestic intelligent robot companies would exceed 50%-100% this year [6] - The 27th High-Tech Fair will be held in Shenzhen from November 14-16, featuring the global launch of China's space tourism project by the Aerospace Science and Technology Group [6] Corporate Announcements - Kweichow Moutai announced a share repurchase plan of 1.5 to 3 billion yuan and a mid-term dividend distribution plan of 30.001 billion yuan (including tax) [8] - Wenta Technology announced that its second-largest shareholder plans to reduce its stake by no more than 3% [11] - OpenAI's CFO stated that the company is not yet prepared for an IPO [19] Global Market Trends - U.S. stock indices collectively rose, with the Nasdaq up 0.65%, the Dow Jones up 0.48%, and the S&P 500 up 0.37% [14] - International crude oil futures settled down approximately 1.5%, with WTI crude oil futures for December down 1.59% [17] - COMEX gold futures rose by 0.81%, and silver futures increased by 1.38% [18] Investment Opportunities - The 6G technology development conference will be held on November 13-14, 2025, focusing on key scenarios such as AI-native design and intelligent communication [21] - The ice and snow tourism "Hundred Days Action" in Heilongjiang Province will start on November 8, 2025, with an expected industry output value exceeding 1 trillion yuan [22]

Core Insights - The eighth China International Import Expo showcased advanced robotics technology and applications, highlighting the industry's push towards high-quality development and large-scale applications [1][2]. Group 1: Robotics Showcase - Various humanoid robots demonstrated their capabilities at the expo, including the G1 humanoid robot from Yushu Technology, which performed martial arts and dance [1]. - Neura Robotics presented MAiRA, the world's first commercial cognitive robot, capable of real-time environmental awareness and adaptability to various industrial scenarios [2]. - Immobot introduced a companion robot designed for the elderly, featuring proactive interaction capabilities compared to traditional AI models [2]. Group 2: Industry Trends - Humanoid robots are rapidly evolving and transitioning towards large-scale applications, with companies like UBTECH focusing on specific industrial tasks such as handling and sorting [2]. - Tesla plans to install a humanoid robot production line by the end of 2026, aiming for an annual production capacity of 1 million units by 2030 [2]. Group 3: Investment and Ecosystem Development - Companies are investing in the humanoid robot supply chain to build a comprehensive industry ecosystem, with Leju Intelligent planning investments in areas like motor drives and modular joints [3]. - The Ministry of Industry and Information Technology emphasized the need for collaborative efforts to address core component challenges in humanoid robots and accelerate high-quality industry development [3]. Group 4: Future Goals - The industry aims for humanoid robots to complete approximately 80% of task instructions in unfamiliar environments, which would signify a significant advancement in embodied intelligence [4].

Core Insights - The logistics sector is emerging as a key area for the large-scale deployment of humanoid robots, with industrial logistics being a clear focus [1] - Major logistics equipment companies are entering the field of embodied intelligence, indicating a growing trend in the industry [2][3] Company Developments - Hangcha Group, Jingsong Intelligent, and Zhongli Co., Ltd. have announced their entry into embodied intelligence, attracting industry attention [3] - Hangcha Group unveiled its first wheeled logistics humanoid robot, the Hangcha X1 series, featuring 22 degrees of freedom and 275 TOPS computing power [4] - Jingsong Intelligent showcased a humanoid robot capable of handling 30 kg loads, designed for various logistics tasks such as sorting and inventory management [4] - Zhongli Co., Ltd. plans to launch its humanoid robot "Kangaroo" in November, specifically designed for warehouse picking scenarios [4] Technological Advancements - The humanoid robots introduced are designed to perform complex logistics tasks, including box transfer and stacking, with advanced sensory capabilities [4] - The integration of data from logistics operations is expected to enhance the capabilities of humanoid robots, providing a strong foundation for technological iteration [6] - The industry is witnessing a push towards the development of specialized controllers and software to meet the unique demands of humanoid robots in logistics [7] Industry Trends - The logistics industry is increasingly adopting humanoid robots and embodied intelligence as part of its digital transformation, aiming to improve efficiency and safety [9] - Collaborations between companies, such as the strategic partnership between Xingdong Era and Beizhi Technology, are aimed at exploring the integration of humanoid robots in core logistics scenarios [9] - The deployment of humanoid robots is expected to automate repetitive and hazardous tasks in manufacturing, thereby enhancing productivity and worker safety [9] Challenges and Opportunities - Despite advancements, there are still challenges in scaling humanoid robots in logistics, including technical differences in control systems and the need for reliable software integration [7][10] - The relationship between humanoid robots and specialized logistics automation equipment is seen as complementary, with potential for greater collaboration as technology evolves [10]

Group 1 - The core event is the opening of the 2025 AI DAY by XPeng Technologies on November 5 [2] - XPeng's CEO, He Xiaopeng, showcased the new "Huitian A868 flying car" [3] - The flying car is designed for a range exceeding 500 kilometers, enabling intercity routes rather than just short-distance urban travel [5] Group 2 - The flying car has a cruising speed exceeding 360 kilometers per hour, significantly reducing travel time compared to ground transportation [5] - XPeng has received 7,000 global orders for the Huitian flying car, aiming to set a world record for annual sales of manned flying vehicles [6] - A "high-level executive flight plan" will be implemented, requiring management to log over 5,000 kilometers of flight before mass production delivery [7] Group 3 - XPeng announced plans to launch three Robotaxi models in 2026, with trial operations starting that year [9] - The company believes that self-manufacturing Robotaxis will facilitate the scaling and commercialization of the industry, with plans to develop software and hardware in-house [9] - A partnership with Gaode has been established, making it the first global ecosystem partner for XPeng's Robotaxi, integrating with its ride-hailing platform [9] Group 4 - XPeng aims to achieve mass production of advanced humanoid robots by the end of 2026 [10] - The company will open the SDK for its IRON robot to global developers to build an application ecosystem [10] - Baosteel has been announced as a partner for exploring industrial applications of the IRON robot in inspection and other scenarios [10] Group 5 - The latest version of the IRON robot is the final pre-research version, with the mass production version not exceeding 170 cm in height [11] - The new generation of the IRON robot will feature all-solid-state batteries and will be equipped with three Turing chips and a physical world large model [11]

Group 1 - The article highlights the importance of major announcements in the stock market, including suspensions, investments, acquisitions, and performance reports, to help investors identify potential investment opportunities and risks [1] - The company involved in controlled nuclear fusion has products applied in superconducting tokamak nuclear fusion experimental devices [1] - Another company provides products and components for domestic and international fusion clients, including ITER, focusing on controlled nuclear fusion, humanoid robots, solid-state batteries, and rare earth permanent magnets [1] Group 2 - A company is investing 100 million to accelerate its humanoid robot business layout, indicating a strategic move towards robotics and energy storage [1] - The article emphasizes the significance of timely information on stock announcements to prevent unforeseen events and to allow investors to make informed decisions [1]

11月5日，小鹏汽车董事长何小鹏表示，小鹏的目标是在2026年底实现规模量产高阶人形机器人。同 时，小鹏将开放机器人IRON的SDK，与全球开发者共建人形机器人应用生态。同时，宝钢将成为小鹏 机器人IRON的生态合作伙伴，在巡检等工业领域探索场景应用。 上海证券认为，人工智能公司的涌现推动了通用机器人大模型的发展，助力人形机器人实现具身智能， 人形机器人产业链进入"百花齐放，百家争鸣"阶段。目前，人形机器人进入工业场景，已是国内外确定 性较高的应用趋势，人形机器人商业化落地可期。 公司方面，据上证报表示， *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 绿的谐波：市占率超60%，Iron手部12个关节均采用其产品，2026年机器人业务或贡献35%营收。 银轮股份：液冷散热方案解决3000T算力芯片温控难题，获小鹏二期工厂独家订单。 ...

Core Insights - Xiaopeng Motors plans to launch three Robotaxi models in 2026, featuring different seating capacities to meet diverse needs [1] - The Robotaxi will utilize four Turing AI chips, providing 3000 TOPS of effective computing power and designed for L4 autonomous driving [1][4] - Xiaopeng's strategy involves an open SDK for global partners to build a Robotaxi ecosystem, with Amap as the first partner [2] Group 1: Robotaxi Development - Xiaopeng's Robotaxi will adopt a pre-installed production model rather than the common retrofitting approach [2] - The Robotaxi will feature external interaction capabilities, allowing pedestrians to understand the vehicle's actions [2] - The company aims to balance the production of conventional vehicles and Robotaxi models to share BOM costs and R&D expenses [4] Group 2: Advanced Technology - The second-generation VLA model eliminates the "language translation" step, enabling direct generation of action commands from visual signals [5] - This model can utilize vast amounts of real driving video for training without manual data labeling, enhancing its ability to handle edge cases [5] - The second-generation VLA model will also be open-sourced for global commercial partners, with Volkswagen as the first strategic partner [5] Group 3: Future Products - Xiaopeng plans to introduce personal Robo models that will feature L4 and L2 driving capabilities [4] - The company is also set to mass-produce flying cars and humanoid robots, with the flying car designed for a range of over 500 kilometers and a cruising speed exceeding 360 kilometers per hour [5][7] - The humanoid robot will utilize solid-state batteries and three Turing AI chips, with a goal of mass production by the end of 2026 [7] Group 4: Market Potential - The global automotive market is valued at $10 trillion, while the market for robots is projected to reach $20 trillion, indicating a potentially larger growth trajectory for robotics [7] - Xiaopeng anticipates that the growth rate of flying cars will surpass that of traditional automobiles, suggesting a significant shift in market dynamics [7]