Core Viewpoint - The article discusses the valuation of embodied intelligence companies, highlighting that the current valuations, such as 150 billion for Zhiyuan and 120 billion for Yushu, are not indicative of a bubble but rather a foundation for future growth in a market projected to reach trillions in ten years [5][6][19]. Valuation Insights - Zhiyuan and Yushu are part of the "billion valuation club," with Zhiyuan's valuation at 150 billion and Yushu's at 120 billion, both companies yet to deliver significant financial results [5][8]. - The global perspective shows that companies like Figure have reached valuations of 39 billion USD, suggesting that domestic valuations may be conservative [5][6]. - Industry experts argue that the current valuations are based on future potential rather than present performance, indicating that the industry is still in its foundational phase [6][19]. Core Assets of Billion Valuation Companies - Zhiyuan's strategy is characterized by an "ecosystem approach," with a strong focus on data quality, hardware performance, and advanced AI capabilities [8][9]. - Zhiyuan has developed a comprehensive product line and a one-stop development platform, which enhances its competitive edge [8][11]. - Yushu's strength lies in its self-developed hardware, which provides cost advantages and a strong position in the supply chain, allowing for large-scale delivery [11][13]. - Galaxy General is emerging as a potential player with its adaptable robotic solutions that demonstrate practical productivity value [13][14]. Future Directions for the Industry - The focus has shifted from merely achieving billion-dollar valuations to sustaining growth and establishing a solid market presence [19][20]. - Companies are encouraged to concentrate on specific high-value scenarios to create standardized solutions that can translate technical advantages into revenue [20][21]. - The industry must address the challenges of standardization in hardware to improve delivery quality and reduce costs, which is crucial for both existing and new players [22][23]. - Ultimately, the success of embodied intelligence will depend on its ability to replace human labor effectively, transforming from a novelty to a necessity in business operations [23].

Core Insights - The focus of the embodied intelligence industry has shifted from merely achieving a valuation of 10 billion to establishing a sustainable growth model post-valuation [1][14] - The concept of a 10 billion valuation is seen as an entry threshold rather than a peak achievement, indicating the industry's potential for wealth creation [2][4] Company Valuations - Zhiyuan Robotics has reached a valuation of 15 billion, while Yushu Technology's latest funding round has valued it at 12 billion, with expectations of reaching 50 billion post-IPO [3] - The rapid valuation growth of these companies has sparked debates about potential market bubbles, yet comparisons with global players suggest that domestic valuations may still be conservative [3][4] Core Assets of Key Players - Zhiyuan Robotics is characterized by an "ecosystem approach," possessing high-quality datasets, strong hardware capabilities, and advanced AI models, which collectively support its valuation [5][7] - Yushu Technology focuses on hardware advantages, leveraging a fully self-developed supply chain to achieve cost efficiency and market competitiveness [8][10] - Galaxy General showcases practical productivity value through its adaptable robotic solutions, indicating a unique business model that extends beyond mere technology [11][13] Future Directions for the Industry - The industry is moving towards deepening focus on specific high-value scenarios, such as precision assembly and hazardous operations, to convert technological advantages into measurable revenue [15][16] - New players are encouraged to embrace standardization in hardware to enhance delivery quality and reduce costs, avoiding pitfalls associated with non-standard components [16][17] - The ultimate goal is for embodied intelligence to transition from being a novelty to an essential business requirement, thereby solidifying its valuation as a reflection of industry consensus rather than speculative capital [17]