汇丰预计2027年将是人形机器人"大规模商业化元年"，投资回报期将缩短至2年左右。中国机器人制造商在商业化进程上 领先海外同行，具有领先的价格成本及供应链优势。 硬·AI 作者 | 龙 玥 编辑 | 硬 AI 在全球人形机器人竞赛中，中国供应链正展现出独特的成本和速度优势。 8月26日，据汇丰最新发布的行业报告，中国人形机器人制造商的商业化进程正在加速超越海外竞争对 手。尽管特斯拉7月份下调了其Optimus机器人的生产目标，令市场对人形机器人前景产生担忧，但报告 认为市场忽视了中国企业在这一领域取得的进展。 报告指出，优必选、宇树科技等中国主要机器人制造商均计划在2025年生产超过1000台机器人，而大多 数海外企业的产品仍处于培训阶段。 中国企业的优势主要来自四个方面： 更接近供应链、产品定价更具竞争力、获得国企大额订单支持，以及 政府政策扶持。 | | | UBtech | | | | EngineAl | | | Robotera | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | Unitree G1 ...

文 | 捉羊李 具身智能在AI赛道领域愈发火热，几乎国内外所有科技大厂，都或多或少投身于这个浪潮中，数亿级 融资不断。 就在这两日，世界机器人大会（WRC 2025）正在北京如火如荼的举办，其热度不亚于几日前的 WAIC。备受瞩目的国内具身智能独角兽们纷纷展示绝活，宇树科技的两名Unitree G1机器人上演了一 场拳击赛；银河通用机器人轮盘人形机器人Galbot化身小卖部店员，为顾客取送商品；星动纪元则展示 了最新发布机器人L7智能分拣包裹的能力。还有加速进化的T1机器人踢足球赛、擎朗智能的双足服务 机器人XMAN-F1打爆米花等等，会场共有200余家机器人企业大秀肌肉，展现产品的落地场景和应用能 力。 具身智能的时代将至，我们该如何理解具身智能？它又面临着何种的瓶颈与未来？ 我们如何理解具身智能？ 我们人类在出生后还没有理解社会语言时，无法对语言的指令做出反馈，但可以通过视觉、触觉、听觉 等感知向外界做出回馈，并慢慢通过"感知-行动"逐步来学习认知。这也就是具身智能所在做的事情， 具身智能通过将人工智能融入到机器人等实体产品中，赋予他们如同人类一样感知外界和学习交互的能 力，并以此作出决策，进而在不同的场 ...

Core Insights - The humanoid robot market is on the brink of explosive growth, with major tech companies vying for ecosystem dominance, as evidenced by recent open-source model releases from Apple, Meta, Google, and Huawei [1][2] - China's government support for the humanoid robot industry has reached unprecedented levels, with investment funds totaling approximately 187 billion RMB [1][6] - Morgan Stanley projects that the global humanoid robot market could reach annual revenues of $5 trillion by 2050, with cumulative adoption expected to hit 1 billion units [1][8][9] Group 1: Market Dynamics - Major tech companies are accelerating their open-source strategies in the robotics field to bind developers to their ecosystems [2][3] - The competition for ecosystem control is intensifying, with companies diversifying AI investments into hardware [3] - The "Humanoid Robot 100" index has risen by 14.4% this year, outperforming the S&P 500 by approximately 11 percentage points, highlighting strong market interest [1] Group 2: Government Support and Investment - The Chinese government has established substantial industry funds, including a 10 billion RMB fund in Wuhan, to support the humanoid robot value chain [6][4] - Recent financing activities in China's humanoid robot sector reached a record 25 transactions in May, indicating robust investor interest [6] Group 3: Technological Advancements - Major companies have released significant AI models and platforms aimed at enhancing humanoid robot capabilities, such as Meta's V-JEPA 2 and Google's Gemini Robotics On-Device [5] - The integration of AI into physical robotics is seen as a critical factor for success, with data acquisition being a key challenge [7] Group 4: Commercialization and Future Projections - Commercial deployment of humanoid robots is accelerating, with companies like Foxconn and Amazon planning to implement robots in manufacturing and logistics [8] - By 2036, approximately 23.7 million humanoid robots are expected to be adopted, with the average price in high-income countries projected to drop from $200,000 in 2024 to $50,000 by 2040 [9]