Investment Rating - The report suggests a positive outlook for the humanoid robot industry, indicating it as a strong investment opportunity due to the acceleration of embodied intelligence applications [3][28]. Core Insights - The humanoid robot sector is experiencing rapid growth, with significant advancements in technology and increased collaboration among companies, such as the partnership between YG Electric and Zhiyuan Robotics to explore applications in smart manufacturing [2][26]. - The introduction of new products, like the G1-D humanoid robot by Yushutech, showcases the industry's shift towards practical applications in various sectors, including industrial, commercial, and domestic environments [1][21]. - The report highlights the importance of supply chain dynamics and technological iterations, particularly focusing on key components like tactile sensors and PEEK materials, which are expected to drive innovation and cost reduction in the industry [3][29][30]. Summary by Sections Industry Dynamics - The robot industry is witnessing a surge in revenue, with a year-on-year growth of 29.5% expected in the first three quarters of 2025, alongside significant production increases in both industrial and service robots [4]. - Recent events, such as the approval of national standards for commercial cleaning robots and major conferences discussing the future of embodied intelligence, indicate a robust policy and market environment supporting the industry [4][10]. Main Body - Companies are increasingly focusing on humanoid robots as a core strategic direction, with firms like Tianqi Co. providing solutions for various clients and emphasizing the importance of data collection and operational efficiency [2][27]. - The collaboration between YG Electric and Zhiyuan Robotics aims to innovate in the application of connectors and harnesses in humanoid robots, reflecting a trend of resource sharing and complementary strengths among industry players [2][26]. Investment Recommendations - The report identifies embodied intelligence as a leading application of AI, with humanoid robots being a critical focus area. It suggests monitoring technological advancements and supply chain developments in the second half of 2025 [3][28]. - Key players to watch include Tesla, Figure, Huawei, ByteDance, and Xiaomi, which are expected to leverage their competitive advantages in hardware and software to drive growth in the humanoid robot market [3][28]. Key Components - The report emphasizes the significance of core components in the humanoid robot sector, with companies like Huichuan Technology and Dakang New Materials making strides in developing essential technologies such as electronic skin and high-performance chips [24][26]. - The establishment of dedicated divisions for intelligent robotics within companies indicates a strategic shift towards enhancing capabilities and market presence in the humanoid robotics field [24][26].

亿嘉和（603666）11月11日发布消息，公司于11月10日与华为云计算技术有限公司(简称"华为云")签署 《CloudRobo具身智能机器人深化合作协议》。根据协议，双方将结合亿嘉和具身智能机器人在电力、 康养、交通、物业等领域积累的研发经验和多年深耕的行业复杂场景应用的优势，以及华为云在具身多 模态感知理解大模型、具身规划大模型、具身执行大模型的优势展开全面而深入的合作，联合打造端云 协同的云原生机器人产品、发布解决方案并共同在康养、电力等领域推广。 作为华为云在具身智能领域的全球首家深化合作伙伴，亿嘉和研发团队将与华为云CloudRobo具身智能 研发团队共同组建联合创新团队，共同推进具身智能机器人在康养、电力等行业的研发及落地，并以此 为契机，即将正式推出亿嘉和旗下首款具身护理机器人。 亿嘉和方面表示，本次战略升级，不仅是技术优势的深度融合，更是一次立足生态共生的前瞻实践。依 托华为云坚实的算力底座与领先的大模型平台能力，结合亿嘉和深厚的场景洞察与机器人本体优势，双 方将共同推动具身智能技术在民生领域的规模化应用与迭代，实现"机器人+AI"从工业场景向家庭陪护 场景的跨越延伸，以科技的温度诠释"AI ...

据亿嘉和消息，11月10日，亿嘉和科技股份有限公司与华为云计算技术有限公司在深圳正式签署 《CloudRobo具身智能机器人深化合作协议》。根据协议，双方将联合推出端云协同的云原生机器人产 品、发布解决方案并共同在康养、电力等领域推广。据亿嘉和介绍，集团旗下首款具身护理机器人即将 正式推出。 ...