南都记者近期了解到，具身智能公司智平方已跻身估值达10亿美元的"独角兽"阵营。 这家位于深圳的初创公司成立于2023年4月，今年以来已连续完成7轮数亿级融资，吸引了深创投、云启 资本、普华资本等投资机构。 当前，具身智能赛道呈现出融资频率高、估值上涨快的特征。据不完全统计，一级市场上，已企及10亿 美元估值门槛的中国具身智能公司包括智元机器人、宇树科技、银河通用、傅利叶智能等。其中，智元 机器人以约150亿元的公开估值领跑。另有星海图在7月初完成A4轮、A5轮融资后，以10亿美元估值进 行新一轮融资。 估值在短时间内急剧拉涨，亦引发业内对潜在泡沫风险的警惕。一位从事机器人赛道投资的风投机构合 伙人向南都记者表示，具身智能公司的估值受许多难以量化的因素影响，其中不乏一定程度的泡沫，但 阶段性的估值泡沫利于用资本助力行业。 该合伙人介绍，业内通常会以汽车产业为参照，对具身智能公司进行估值定价。在万亿市场规模的想象 下，这种估值逻辑短期内可能存在一定程度的透支。但如果未来这个市场能够真正成型，那么其整体市 场体量很可能超过汽车行业。 国际投行摩根士丹利在9月中旬一份研究报告中预测，到2050年，全球人形机器人将累计 ...

Core Viewpoint - The strategic cooperation agreement between Huike and Zhifang marks a significant milestone in the intelligent transformation of the display industry, with plans to deploy over 1,000 intelligent robots in production bases globally within three years, amounting to nearly 500 million yuan in orders [2][5]. Group 1: Strategic Cooperation - Huike's subsidiary, Shenzhen Huizhi Internet of Things Technology Co., Ltd., signed a comprehensive strategic cooperation agreement with Zhifang (Shenzhen) Technology Co., Ltd. in the semiconductor display field [2]. - The agreement includes the deployment of over 1,000 intelligent robots across Huike's global production bases, covering the entire process from warehousing logistics to quality inspection [2][5]. Group 2: Application and Technology Development - The PCB operation has been selected as the first demonstration scenario for the intelligent robots, which are driven by the "Vision-Language-Action" (VLA) model [4]. - Huike plans to integrate AI edge models into its production line control systems to achieve lower latency in real-time decision-making and more efficient energy management [5]. - A specialized technical team will be formed to develop next-generation models for industrial operations, aiming to create "intelligent workers" that understand the screen manufacturing process [5].

Core Insights - The collaboration between Zhifang Technology and Huike aims to deploy over 1,000 humanoid robots in Huike's global production bases over the next three years, marking a significant entry of embodied intelligence into the semiconductor display industry [2][3] - This deal is expected to be the largest single order in the global embodied intelligence sector, potentially reaching nearly 500 million RMB based on industry pricing estimates [2][3] Industry Developments - The initial application of the robots will focus on complex PCB operations, with plans to expand to logistics, material handling, assembly, and quality testing [3] - The flexibility of Zhifang's GOVLA model allows robots to adapt to various production environments without extensive modifications to existing lines, facilitating a shift from "humans adapting to machines" to "machines adapting to humans" [3] Data Utilization and Model Improvement - The deployment of robots in factories serves as a critical training ground for improving the performance of large models, with the accumulation of real-world production data enhancing the robots' capabilities [4] - Zhifang's approach emphasizes a "data closed-loop" system, where the data collected during operations will feed back into model iterations, creating a "smarter" robotic system over time [4] Future Commercialization Strategy - Zhifang plans to follow a path similar to that of smart automotive development, starting with semi-structured scenarios and gradually moving towards unstructured environments [5] - The company identifies high-end manufacturing and diverse public service scenarios as the most commercially valuable areas for future growth [5]

Core Insights - The company Zhifang Intelligent has received a large order for over 1,000 robots, amounting to nearly 500 million yuan, marking a significant milestone in the embodied intelligence robotics industry [1] - The industry has transitioned from a phase of financing to one of substantial orders, with multiple contracts exceeding 100 million yuan [1] - Zhifang's robots will be deployed in the semiconductor display industry, specifically at Huike Co., which is preparing for an IPO on the Shenzhen Stock Exchange [1] Company Developments - Zhifang's "Aibao" series of wheeled humanoid robots will perform PCB operations as the first demonstration scenario, utilizing a Vision-Language-Action (VLA) model [2] - The company plans to collaborate with Huike to develop industrial operation models and lightweight inference models based on Huike's industrial technology and production line data [4] - Zhifang's annual production capacity exceeds 1,000 units, with a new factory in Shenzhen officially starting operations in September [6] Market Context - The recent orders signify the first large-scale entry of embodied intelligent robots into the semiconductor display sector, covering various processes from logistics to quality inspection [1] - The company has already deployed its robots in factories such as Dongfeng Liuzhou Motor and Geely Technology's semiconductor subsidiary [5] - Zhifang has completed seven rounds of financing this year, with the latest round led by Shenzhen Capital Group, which invested over 100 million yuan [6]