李根 衡宇 发自 凹非寺 量子位 | 公众号 QbitAI "让天下没有难落地的机器人。" 在这样解释定位和使命后，量子位大概感受到了逐际动力被投资的原因—— 至少是成为阿里第一个具身智能投资项目的原因。 实际上，之前更多的时候， 逐际动力创始人张巍 更倾向于用"英伟达"来类比，因为英伟达提供了一个底层平台，可以让游戏、汽车、机器人 等等不同领域的创新，成为可能。 逐际动力的创办和发展，也希望成为这样的平台——提供机器人平台，然后各个领域的开发者可以进一步打造应用方案和产品。 张巍说，"人形机器人的本体硬件制造非常容易，比造飞机、造汽车都要容易。" 真正阻碍机器人落地的是——大脑，而如何让机器人控得很好 ——是 小脑AI化的能力 。 这也是逐际动力之前一直押注和突破的方向，而现在，向来低调的教授张巍，觉得如果要在"百具大战"中让更多人更清晰认知逐际动力，那是 时候高调又明确地自我介绍： 逐际动力，小脑能力全球领先。 接下来的路线和目标也已经被明确： 而终点就是" 让天下没有难落地的机器人 "。 先把双足人形做到好用，功能丰富、运动流畅； 再让它易编程，用自然语言就能调用动作； 最终长出生态，形成具身智能的Ag ...

Investment Rating - The report maintains an "Outperform" rating for the industry [4][7]. Core Insights - The report emphasizes the acceleration of AI commercialization and its integration into various sectors, particularly highlighting humanoid robots as key beneficiaries of this trend [2][20]. - The establishment of a 100 billion yuan fund in Hubei aims to support core technologies and applications in humanoid robotics, indicating strong government backing for the sector [17]. - The report identifies specific investment opportunities within the humanoid robotics supply chain, focusing on companies with strong positions in various components such as joint modules, dexterous hands, and sensors [3][28]. Industry Dynamics - Recent strategic collaborations include a partnership between Lingyi Intelligent Manufacturing and Qiangnao Technology to focus on dexterous hands and core hardware for humanoid robots [14]. - Tencent and Futian Laboratory launched the Tairos platform, a modular software solution for humanoid robots, enhancing the industry's technological capabilities [15]. - The opening of the first intercity long-haul drone logistics route in the Guangdong-Hong Kong-Macao Greater Bay Area marks significant progress in the low-altitude economy [18][19]. Government Initiatives - The State Council's meeting on July 31, 2025, highlighted the importance of implementing the "AI+" initiative to promote large-scale commercial applications of AI [20]. - Shenzhen's plan for high-quality low-altitude infrastructure development from 2024 to 2026 aims to establish a comprehensive low-altitude economy [21]. Company Developments - Zhijidongli launched the LimX Oli, a fully self-developed humanoid robot, which will be showcased at the World Robot Conference [22]. - Geekplus established a wholly-owned subsidiary to enter the field of embodied intelligence, focusing on robotic applications in logistics and manufacturing [23]. - Hengbo Co., Ltd. formed a joint venture with DMI to develop high-performance materials for various applications, including humanoid robots [25]. Key Companies and Investment Focus - The report highlights several key companies for investment, including: - **Humanoid Robots**: Focus on suppliers like Hengli Hydraulic, Huichuan Technology, and others in various component segments [3][28]. - **AI Infrastructure**: Companies such as Hanzhong Precision Machinery and Ice Wheel Environment are expected to benefit from increased capital expenditure in data centers [3][28]. - The report provides earnings forecasts and investment ratings for various companies, indicating a generally positive outlook for those rated "Outperform" [7][28].

Investment Rating - The report does not explicitly state an investment rating for the industry, but it suggests a positive outlook for specific sectors such as engineering machinery and photovoltaic technology, indicating potential investment opportunities [1][2]. Core Insights - The report highlights an improvement in the engineering machinery market, with the China Machinery Index (CMI) for July 2025 at 100.73, reflecting a year-on-year increase of 5.54% [3]. - The photovoltaic sector is experiencing a short-term uptrend due to new procurement requirements for high-efficiency solar cells, with significant procurement plans announced by major companies [3]. - The automotive market shows resilience, with a year-on-year increase of 5% in average daily retail sales of passenger vehicles in late July 2025, supported by promotional activities and export growth [3]. Summary by Sections Market Overview - The mechanical equipment, power equipment, and automotive industry indices experienced declines of -0.76%, -2.62%, and -2.36% respectively over the last week, ranking them 9th, 24th, and 21st among 31 primary industries [1][8]. Industry News and Key Company Announcements - The report discusses the launch of a logistics drone service in the Greater Bay Area, marking a significant development in logistics capabilities [17]. - Shenzhen's economic data indicates a decline in fixed asset investment but growth in infrastructure and industrial technology investments, with notable increases in high-tech product outputs [17]. - Several companies, including leading firms in robotics and energy, are expanding their operations and product offerings, indicating a dynamic industry landscape [17][18][19].

据悉，此次逐际动力发布的LimX Oli人形机器人身高165cm，拥有31个机身自由度（不含末端执行 器），以通用构型设计、模块化软硬件结构与持续完善的工具链开发系统，全面支持从算法研发到系统 部署的各阶段工作。 7月30日，南都·湾财社记者从深圳具身智能机器人公司逐际动力方面获悉，该公司正式发布全尺寸通用 人形机器人LimX Oli，售价15.8万元起，即日起开放预订。记者注意到，近期多家机器人公司面向市场 发布可购买的人形机器人产品，售价多数在数万至数十万元区间。 其面向AI科研人员、机器人开发者及解决方案系统集成商等泛通用机器人从业者，可提供Lite、EDU及 Super三个版本。据逐际动力方面介绍，LimX Oli机器人将于8月8日在北京世界机器人大会WRC上进行 首次公开演示。 南都·湾财社记者注意到，近期多家机器人公司面向市场发布可购买的人形机器人产品。例如宇树科技 在7月25日发布了新款双足人形机器人Unitree R1，起售价为3.99万元，整机重量约25千克，身高约121 厘米，配备26个关节，支持用户进行二次开发与个性化定制。 电商平台上已有多款机器人在售。 同样来自广东企业，优必选科技3 ...