Core Insights - The investment return on entertainment applications of quadruped robots is being questioned as the market seeks practical commercial value from these expensive intelligent devices [1] - Kandi Technology and Yundongchu Technology have launched a quadruped robot that can serve as a security guard in industrial parks and as a smart caddy on golf courses, marking a significant shift from toy-like applications to practical job functions [1][2] - Kandi Technology is transitioning from a traditional manufacturing company to a technology holding company, expanding into smart robotics and energy exchange equipment [1][5] Company Strategy - Kandi Technology's entry into the smart robotics sector aligns with industry trends towards software and hardware integration, leveraging its existing manufacturing capabilities and sales networks [4][6] - The company has established partnerships with Yundongchu Technology to develop smart golf equipment and security inspection quadruped robots for the North American market, focusing on localizing products and expanding commercialization [1][8] Market Potential - The global quadruped robot market is projected to grow from approximately $2.61 billion in 2025 to $11.96 billion by 2034, indicating significant growth potential in the sector [13] - Kandi Technology is currently focused on customer engagement and feedback to optimize its products, emphasizing the importance of real-world testing [13] Technical Challenges - Kandi faces systemic challenges in data collection, algorithm adaptability, hardware costs, and the lack of industry standards, which are critical for the successful development and deployment of its robotic solutions [9][10] - The price of terminal robots ranges from 300,000 to 500,000 yuan, making them expensive due to the lack of scale in production [9] Future Outlook - Kandi Technology's primary market is currently in North America, where it has established a stable framework for operations, while the domestic market is not a short-term focus [11][12] - The company believes that as technology advances, the challenges in the robotics industry will gradually be resolved, leading to a more mature market [15]