江苏雷利（300660.SZ）1月8日在投资者互动平台表示，公司的空心杯电机、无框电机、丝杠等零部件 产品可用于机器人领域，公司正积极拓展机器人零部件的下游客户，由于商业保密原则，公司不便透露 具体客户名称与合作细节。如果有重大进展，公司会及时履行信披义务。感谢您对公司的关注，请您注 意投资风险，谨慎投资。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：最近市场在炒作T链，请问贵公司产品有没有进入T 链？ ...

Core Viewpoint - The T-chain sector has not successfully reversed its market trend at the beginning of 2026, but key targets are becoming clearer, with ongoing interest in the humanoid robot segment related to Optimus [2][3] Summary by Sections Optimus V3 Release - Optimus V3 is expected to be released in Q1 2026, with key components like screw rods, reducers, and dexterous hands/modules anticipated to be finalized by January [3] Market Trends and T-chain Dynamics - The T-chain sector experienced a main upward trend in late December, driven by factory audits and order confirmations, with significant price movements linked to the progress of T-chain companies [5] - The focus has shifted to companies securing contracts and engaging in discussions in North America, which are expected to attract investor attention [7] Recent Developments and Expectations - Companies like WX and KS have reported exceeding expectations in North American communications, with WX obtaining supplier codes and orders, while KS is in the pricing inquiry phase with multiple part numbers [8] - The introduction of new technologies and processes, such as GaN technology and ceramic balls, is contributing to the expansion of the T-chain sector, with several companies experiencing positive market reactions [8] Market Performance - The T-chain sector is currently experiencing a main upward trend, indicating a potential reversal in market conditions [9]

Core Insights - The humanoid robot sector is undergoing a phase of adjustment, but short-term fluctuations have not altered the core growth logic of the industry, instead creating new investment opportunities [1] - Analysts believe the sector has transitioned from early thematic investment to a growth inflection point, with significant technological breakthroughs and product launches accelerating the commercialization pace of leading companies [1][4] Market Performance - As of November 18, the Wind humanoid robot concept index fell by 0.81%, with over 80% of the 110 constituent stocks reporting positive revenue and net profit in Q3 [2][4] - The index has experienced a cumulative increase of over 41% since June 23, followed by a correction of more than 11% after reaching a historical high on September 18 [2] Investment Opportunities - The focus is shifting towards "T-chain" and domestic supply chain opportunities, with leading companies optimizing capital structures and accelerating commercialization [4][5] - The humanoid robot industry is expected to enter a significant investment phase as it moves from 0 to 1, with projections indicating mass production could reach tens of thousands of units by 2026 [4] Technological Advancements - Recent developments include the launch of the G1-D humanoid robot by Yushu Technology and the introduction of the affordable FDH-6 bionic dexterous hand, which has garnered industry attention [3] - The industry consensus has shifted towards rapid scaling, with advancements across software, hardware, and supply chains contributing to a more integrated ecosystem [3] Future Outlook - The humanoid robot sector is anticipated to reshape manufacturing, services, and household life over the next 5 to 20 years, emerging as a significant growth area following smartphones and electric vehicles [4] - Analysts recommend focusing on three main investment lines: high-probability "T-chain" targets, incremental opportunities from technological upgrades, and undervalued stocks with expected growth [4][5]

Investment Rating - The report maintains a neutral investment rating for the automotive and parts industry [5] Core Insights - The report emphasizes the importance of continuing to monitor companies within the Huawei supply chain, as well as competitive domestic brands and new forces in intelligent driving technology, which are expected to expand their market share by 2025 [2][14] - The report highlights the successful launch of the ZunJie S800, which achieved over 2,100 pre-orders within 48 hours, indicating strong market interest and potential for becoming a new benchmark in the luxury car segment [12][31] - A new round of promotional activities has been initiated, with companies like BYD offering significant discounts, which may stimulate demand but also intensify competition within the industry [13][24] Summary by Sections Market Performance - The automotive sector experienced a decline of 4.3% this week, underperforming compared to the broader market [17] - The passenger vehicle segment saw a significant drop of 8.93%, while commercial vehicles and automotive sales services showed slight increases [17] Sales Tracking - From May 1 to May 25, the wholesale sales of passenger vehicles reached 1.389 million units, a year-on-year increase of 17%, while retail sales reached 1.358 million units, up 16% year-on-year [24][28] Key Company Updates - The report suggests a focus on several companies, including SAIC Motor, BYD, and Jianghuai Automobile, among others, as potential investment opportunities [15][2] - The report notes that several new models have been launched, including the ZunJie S800 and the Xiaopeng MONA M03, which are expected to contribute positively to their respective companies' sales figures [31][32] Industry Dynamics - The report discusses the competitive landscape, highlighting the impact of price wars and promotional activities on market dynamics, urging companies to adhere to fair competition principles [13][24] - It also mentions the anticipated recovery of certain state-owned enterprises through reforms and collaborations [2][14]