Key Takeaways RR's shift to a RaaS model cut revenues but lifted gross margin to 74.4% in fiscal Q3.RR's rising losses stemmed from a sharp jump in general and administrative expenses.MVST posted record Q3 revenue and margin gains, supported by higher sales volumes.Both Microvast Holdings, Inc. (MVST) and Richtech Robotics Inc. (RR) are small-cap tech stocks operating in high-growth domains. While MVST offers battery technologies for electric vehicles (EVs) and energy storage solutions, Richtech Robotics pr ...

11月27日，2025世界智能制造博览会在南京开展，设置了机器人、智能工厂、工业软件与系统解决方 案、智能装备四大展馆，琳琅满目的工业生产机器人、生活服务型机器人"扎堆"亮相，各展绝活。图为 人形机器人作展示。中新社记者 泱波 摄 11月27日，2025世界智能制造博览会在南京开展，设置了机器人、智能工厂、工业软件与系统解决方 案、智能装备四大展馆，琳琅满目的工业生产机器人、生活服务型机器人"扎堆"亮相，各展绝活。图为 展示的人形机器人吸引观众目光。中新社记者 泱波 摄 11月27日，2025世界智能制造博览会在南京开展，设置了机器人、智能工厂、工业软件与系统解决方 案、智能装备四大展馆，琳琅满目的工业生产机器人、生活服务型机器人"扎堆"亮相，各展绝活。图为 工作人员操控人形机器人。中新社记者 泱波 摄 11月27日，2025世界智能制造博览会在南京开展，设置了机器人、智能工厂、工业软件与系统解决方 案、智能装备四大展馆，琳琅满目的工业生产机器人、生活服务型机器人"扎堆"亮相，各展绝活。图为 展示的机器人与观众互动。中新社记者 泱波 摄 11月27日，2025世界智能制造博览会在南京开展，设置了机器人、智能工 ...

11月27日，2025世界智能制造大会在南京国际博览中心正式启幕。京东携手宇树科技、众擎、云深处、鹿明、可以科技、蔚蓝、元萝卜等30余家全球顶尖 机器人品牌联合亮相，全面展示其在零售供应链、AI生产力、智能物流、工业数智装备四大板块的前沿成果，内容覆盖智能机器人在陪伴娱乐、养老助 力、家庭教育及商业服务等多场景应用。 2025世界智能制造大会京东展台 值得一提的是，京东机器人自营租赁服务也正式亮相本次展会，目前消费者已可以通过京东直接租赁智能人形机器人、四足机器狗等新潮产品，尝鲜体 验。 此外，京东也在本次展会中展示了即将上线的机器人二次开发系统。在未来，京东将通过实现本体叠加二次开发软件的方式，实现场景式销售，为用户提 供更多机器人使用场景，提供更多产品服务。 明星机器人天团集结炫技 展会开幕当日，京东打造的沉浸式互动展区成为全场焦点。在展区现场，超过80款机器人产品全明星阵容亮相，吸引大量围观，互动体验区排起长队。其 中，搭载JoyInside的众擎PM01现场演绎热舞与拳击、搭载JoyInside的云深处绝影Lite3机器狗表演后空翻并进行实时语音交互；宇树G1机器人带来动感舞 蹈，引发阵阵喝彩；宇树G ...

China’s top economic-planning agency warns of the risk of a bubble forming in humanoid robotics https://t.co/WE4RwSOWG4 ...

Core Insights - JD.com showcased its upcoming robot secondary development system at the 2025 World Intelligent Manufacturing Conference, aiming to implement scenario-based sales by integrating physical robots with secondary development software [1] - The company also introduced its self-operated robot leasing service, allowing users to rent intelligent humanoid robots and quadruped robotic dogs directly through JD.com [1] - JD.com has launched the "Intelligent Robot Industry Acceleration Plan," committing over 10 billion yuan to support 100 robot brands in achieving sales exceeding 1 billion yuan within three years, with the goal of promoting intelligent robots into over 1 million practical scenarios [1]

在智能化浪潮不断推进的今天，传统巡检方式正面临前所未有的变革机遇。 中科深谷基于实际巡检场景需求及自身在具身智能领域的技术积累，最新开发出具备自主巡检与多机协同能力 的 智能巡检作业平台。 ▍ 多模态感知系统，全天候环境自适应 机器人系统通过多传感器融合技术，在复杂室内外环境中实现厘米级精度的自主导航。3D激光SLAM、RTK 定位与多源感知数据的智能融合，让机器人在动态环境中保持出色的避障与路径规划能力。 同时，平台配备智能上位机软件，可实时整合巡检机器人的回传信息。通过简洁直观的可视化界面，操作人员 能够同时查看所有机器人的实时位置轨迹、传感器图像及设备状态，实现对分布式机器人的集中监控与管理。 图：平台系统架构图 该平台基于 深谷开源智脑系统 进行开发，融合智能体"敏捷小脑"的高精度运动控制与"具身智能机器人大 脑"的感知决策规划能力， 构建起感知、推理、决策、行动一体化的机器人智能体系。 ▍ 智能协同，具备自主决策行动能力 基于开源智脑系统的多智能体协同能力，系统实现了多机器人的智能调度与任务分配。机器人群能够自主优化 巡检路径、智能分配任务资源，实现了机器人在复杂场景中的自主作业能力。 ▍ 开放架构 ...

2025年作为"机器人IPO元年"，已有不下20家机器人公司争相申请港股上市。如今，"机器人上市大 军"再添一员。 11月17日，成都卡诺普机器人技术股份有限公司（下称"卡诺普机器人"）向港交所递交招股书，拟 香港主板IPO上市，国泰君安国际为独家保荐人。 机器人上市潮 早在2021年12月，卡诺普机器人就曾与中金公司签订辅导协议，徐徐推进在上交所科创板上市的计 划，今年4月刚刚完成第十三期上市辅导。 时值今年众多机器人公司开始密集开启IPO之旅，不仅北交所、深交所内，机器人公司排满了队等 待上市，港交所"18C章"更是对主营业务为新一代信息技术、先进硬件与软件、新能源、新材料、机器 人、自动驾驶、AI芯片等的公司降低上市门槛，因而吸引大量机器人企业转道港股。 其中，仙工智能、斯坦德机器人、翼菲科技、优艾智合、卧安机器人、乐动机器人、兆威机电、双 林股份等公司向港交所递交申请。2025年以来，极智嘉、三花智控、云迹科技等机器人产业链公司已完 成港股上市之举。 卡诺普机器人也于今年10月终止了中金公司的辅导，转而前往港股上市，保荐人变更为国泰君安国 际。 事实上，除了受港交所上市门槛影响，中国机器人产业还受到了 ...

Core Insights - Switzerland has ranked first in the global innovation index for 14 consecutive years since 2011, making it a significant source of innovation and a strategic partner for China in innovation development and technology finance [2] - Gravis Robotics, founded in 2022, focuses on developing a modular autonomous control kit for construction machinery, enhancing operational efficiency through automation [3][5] Company Overview - Gravis Robotics is a spin-off from ETH Zurich, founded by a team of experts in robotics, including CEO Ryan Luke Johns and CTO Dominic Jud, both of whom hold PhDs in robotics from ETH Zurich [3] - The company aims to transform traditional heavy machinery into autonomous robots, addressing labor shortages and improving safety in hazardous construction environments [5][7] Product Features - The modular autonomous control kit integrates machine learning hydraulic control technology with advanced perception and mapping capabilities, allowing existing earth-moving machinery to operate autonomously [7][8] - The kit has been trained in simulated environments to adapt to various terrain conditions, enabling machines like excavators to interpret CAD drawings and perform tasks autonomously [8] - Hardware components include cameras, LiDAR, and a robust edge computing system, ensuring real-time environmental monitoring and operational efficiency [9] Operational Efficiency - Gravis's autonomous control kit can enhance productivity by 30% in construction operations, while also reducing risks associated with manual operation in challenging environments [10] - The portable operation tablet allows for remote control and real-time 3D visualization of tasks, facilitating flexible job area definitions and operational adjustments [10] Collaborations - Gravis has established partnerships with Holcim, a Swiss materials group, and Develon, a South Korean construction machinery manufacturer, to further develop and deploy its technology [10]

（文章来源：每日经济新闻） 中信建投指出，机器人技术路线仍在持续迭代、产业链新进入者络绎不绝，市场更关注产品性能、客户 送样等实质进展，尤其Optimus定型有望推动。硬件技术路线边际收敛，深度配套甚至能直接拿到订单 的标的将直接受益，当前特斯拉供应链将进入去伪存真的验证期。 机器人产业ETF（159551）跟踪的是机器人指数（H30590），该指数聚焦于机器人产业相关企业，从市 场中选取从事机器人研发、制造及应用的上市公司证券作为指数样本，涵盖机械制造、电子设备和信息 技术等领域。指数配置突出技术创新与工业自动化趋势，旨在反映智能装备和自动化解决方案领域的整 体发展表现。 ...

Core Insights - The six-dimensional force sensor market in China is experiencing explosive growth due to the acceleration of humanoid robot industrialization, with a projected shipment of 12,300 units in 2023, representing a year-on-year increase of 510.1% [1][2] - The market is becoming increasingly concentrated, with leading company Blue Dot Touch holding a market share of 72.6% [1][2] - By 2030, shipments are expected to grow approximately 40 times to over 460,000 units, with optimistic projections suggesting the market could reach a scale of 100 billion by 2035 [1] Industry Overview - Six-dimensional force sensors are critical components for achieving real-time precise force control in humanoid robots, capable of measuring all possible movements of an object in space, including translation and rotation [1] - Unlike traditional industrial robots that perform repetitive tasks through pre-set programs, humanoid robots utilize a "perception-decision-execution" model for enhanced versatility [1] Market Dynamics - Currently, six-dimensional force sensors are primarily installed in the wrists and ankles of humanoid robots to facilitate delicate operations and stable walking on uneven surfaces [2] - Domestic companies dominate the market due to their cost-effectiveness, customization capabilities, and rapid response services, with key players including Blue Dot Touch, Keli Sensor, Kunwei Technology, Amperelong, Yuli Instruments, and Xinjingcheng [2] Company Performance - Blue Dot Touch achieved a market share of 72.6% in the first three quarters of 2025, with significant orders from leading humanoid robot companies such as Zhi Yuan, Xiaomi, and Xiaopeng [2] - The company’s joint torque sensors account for over 95% of domestic shipments, with more than 70,000 units shipped in the first half of 2025 [2] - The investment landscape is favorable, with eight financing events occurring in the six-dimensional force sensor industry since 2025, including two rounds of financing for Blue Dot Touch, the latest being over 100 million led by Sequoia China [2]