温馨提示 ： 点击下方图片，查看运营团队最新（12月）原创报告（共260页） 说明： 欢迎约稿、刊例合作、行业交流 ， 行业交流记得先加入 "机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微 信； 若有侵权、改稿请联系编辑运营（微信：li_sir_2020）； 正文： 人形机器人赛道现阶段在全球范围内受到前所未有的关注，资本宠儿，尤其是国内，更是受到政策及政府基金扶 持，人形机器人赛道广大前景毋庸置疑。 如今2025年即将结束，回顾全年： 详细解读： 1、人形机器人终是巨头间博弈，绝大数人形机器人领域创企将倒在商业化进程中 2025年以来，车企、科技大厂"自研+投资 "双路线加码具身智能赛道。 目前来看，多数大厂入局人形机器人赛道 仍属于初期阶段，现阶段还没有可商用双足人形机器人产品亮相。 详细解读，查看星球内相关文章 ： 【原创】车企、产业链公司、智驾领域从业者，疯狂涌入具身智能赛道 —— 一级市场： 1）具身智能 赛道仍旧火爆，资本热情不减，行业仍旧存在各种"非共识"，窗口期未过，新晋 创企源源不断； 2） 技术迎来瓶颈期， 头部创企从画技术大饼到纷纷聊商业化，在手搓机器人阶段， 大额 ...

温馨提示 ： 点击下方图片，查看运营团队最新（12月）原创报告（共260页） 说明： 欢迎约稿、刊例合作、行业交流 ， 行业交流记得先加入 "机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微 信； 若有侵权、改稿请联系编辑运营（微信：li_sir_2020）； 正文： "速度"与"泡沫"共存，对于具身智能赛道而言，适当"减速"可能更利于行业发展。 人形机器人赛道现阶段在全球范围内受到前所未有的关注，资本宠儿，尤其是国内，更是受到政策及政府基金扶 持，人形机器人赛道广大前景毋庸置疑；最强"卖铲人"[英伟达]和人形机器人赛道"引领者"[特斯拉]，双方创始人 黄仁勋和马斯克在CES2025大会期间先后宣布人形机器人时代即将到来！ 如今2025年即将结束，回顾全年： 详细解读： 1、人形机器人终是巨头间博弈，绝大数人形机器人领域创企将倒在商业化进程中 人形机器人入局者已从最初的创业派为主、产业派和科技大厂战略入局变为以汽车主机厂为代表的产业派和互联 网、电子商务、消费电子等为代表科技大厂为主；目前来看，多数大厂入局人形机器人赛道仍属于初期阶段，现 阶段还没有可商用双足人形机器人产品亮相。 详细解读 ...

温馨提示 ： 点击下方图片，查看运营团队最新（12月）原创报告（共260页） 说明： 欢迎约稿、刊例合作、行业交流 ， 行业交流记得先加入 "机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微 信； 若有侵权、改稿请联系编辑运营（微信：li_sir_2020）； 正文： "速度"与"泡沫"共存，对于具身智能赛道而言，适当"减速"可能更利于行业发展。 人形机器人赛道现阶段在全球范围内受到前所未有的关注，资本宠儿，尤其是国内，更是受到政策及政府基金扶 持，人形机器人赛道广大前景毋庸置疑。 如今2025年即将结束，回顾全年： 详细解读： 1、人形机器人终是巨头间博弈，绝大数人形机器人领域创企将倒在商业化进程中 以汽车主机厂为代表的产业派和互联网、电子商务、消费电子等为代表科技大厂也纷纷组建自研团队。 目前全球已有15家知名车企入局人形机器人赛道，其中国内11家； 谷歌、OpenAI等国外科技大厂率先从大模型 赋能、投资形式转变为躬身入局本体制造，国内大厂随后跟进，如蚂蚁集团、京东集团等；国内家电巨头、手机 厂商也纷纷宣布切入人形机器人赛道，如美的、海尔、VIVO等。 现阶段多数大厂入局仍属于初期阶 ...

小编团队2025年第三版全球人形机器人领域深度调研报告，来了！！！ 小编团队于2025年11月26日整理原创报告 【2025全球人形机器人领域深度调研报告】第九版（2025年第三 版）（共260页） 报告分为四大章节：1）全球人形机器人产业概览；2）全球主流人形机器人公司梳理；3）技术瓶颈：机器 人"大、小脑"；4）人形机器人核心零部件及产业链公司梳理；着重增加了上市和非上市核心零部件及供应链公司 梳理、投资分析内容。 具体报告内容包括但不仅限于： 目前报告已上传至星球 "机器人头条"知识星球 " ， 并且已置顶。 已加入星球的成员可以星球内直接查看下载（高清无水印版），未加入星球读者，可以扫描下方星球二维码加 入， 与1300+位行业从业者一起， 深度了解具身智能赛道。 I :: 人头 【猎场备忘录】机器人领域读者交 加入可获得: 微信扫码加入星球 报告正文极少部分展示（完整版共260页）： 人形机器人赛道前瞻性观点: 人形机器人赛道前瞻性观点: 人影机器人赛避现阶段在全球范围内受到前所未有的关注・资本笼儿，尤其是国内，更是受到政策及政府基金扶持 - 人形机器人赛道广大前景伊哥置起+ 最强"实院 人"[英伟 ...

优必选相关负责人向北京商报记者表示，公司已与比亚迪、东风柳汽、吉利汽车、富士康、顺丰等多家 行业头部企业建立合作，在汽车制造、智慧物流等场景推动人形机器人商业化应用。Walker系列通过持 续的场景实践积累真实运行数据，优化产品性能，为实现产线级群体智能提供支撑。 高盛月内发布的一份供应链调研报告，给火热的人形机器人赛道泼下一盆冷水。北京商报记者从业内人 士处获得该份《中国人形机器人供应链调研》，报告指出，三花、拓普、荣泰、双环等9家核心供应链 企业已普遍规划10万—100万台级年产能，却无一家确认获得大额确定性落地订单——高盛将这份报告 题目定为《产能乐观前置，待实际订单落地》，并认为这种落差是行业当前的典型特征。 5天后，"人形机器人第一股"优必选在社交平台发布自家人形机器人Walker S2的量产交付视频，重点展 示机器人方阵换电和列队行进等能力，以实景回应行业对"交付真实性"的疑虑。视频发布后，美国 Figure AI创始人布雷特·阿德科克在社交平台公开"打假"称"后排机器人为电脑特效"。 权威机构调研揭示的行业矛盾，叠加头部企业间的公开博弈，让人形机器人行业的"交付大考"提前进入 公众视野。 一场纷 ...

Core Insights - Yang Jifeng, former head of AI Lab at Great Wall Motors, has joined UBTECH as a technical partner and co-CEO of its logistics subsidiary UQI, leveraging his AI and mass production experience in the automotive industry for humanoid robot commercialization, particularly in smart logistics scenarios [1][3][4] Group 1: Background of Yang Jifeng - Yang Jifeng entered the autonomous driving field in 2014, holding significant positions at FAW-Volkswagen Audi, Shenzhen Yicheng Autonomous Driving, and the China Electric Vehicle Hundred People Association Innovation Center [3] - After joining Great Wall Motors in 2021, he served as Senior Director of the Intelligent Center, overseeing the implementation of smart cockpit and AI assistant products, and later led the establishment of Great Wall Motors AI Lab, focusing on AI model development [3][4] - He also served as CTO of Caresoft Global, managing a research team of over 2,000 and establishing R&D and data centers in multiple countries [3] Group 2: UBTECH and UQI's Strategic Focus - UQI, the smart logistics subsidiary of UBTECH, aims to efficiently and cost-effectively transform existing technology into stable and reliable commercial products, with a focus on B-end scenarios [3][4] - The logistics and "pan-logistics" sectors, including warehousing, sorting, and factory transportation, are viewed as promising application areas for humanoid robots, with UQI tasked with executing UBTECH's initiatives in this domain [3][4] Group 3: Technological Synergy - Humanoid robots in logistics require advanced capabilities in environmental perception, autonomous navigation, dynamic obstacle avoidance, and collaborative decision-making, aligning closely with Yang Jifeng's previous work in the "Coffee Intelligent Driving" project [4] - Yang Jifeng's experience in implementing complex AI projects in the automotive sector will support UQI in advancing its smart logistics initiatives [4] - The recruitment of executives with substantial mass production experience reflects a trend of convergence between the smart automotive and humanoid robot sectors, facilitating the application of automotive AI mass production experience to humanoid robots in logistics scenarios [4]

Core Viewpoint - Yushu Technology has officially launched its next-generation humanoid robot, Unitree H2, which has garnered significant attention in the tech community and social media, reflecting the rapid development of the humanoid robot industry in China this year [2][3] Industry Overview - The humanoid robot sector in China has seen 127 investment events from January to August 2023, totaling 36.436 billion yuan, surpassing the expected total for the entire year of 2024 [2] - The global humanoid robot industry faces challenges such as technological breakthroughs, outdated functions, market expansion, and weak performance despite predictions of long-term demand reaching 10 billion units [2][6] Product Features - Unitree H2 stands 180 cm tall and weighs 70 kg, designed to closely resemble human form, enhancing its humanoid appearance [3] - The new model shows significant improvements in flexibility and stability compared to its predecessor, Unitree H1, and features a bionic face, making it more aligned with sci-fi robot depictions [3][5] Competitive Landscape - The Chinese humanoid robot market has over 20 models from various companies, including UBTECH, Da Vinci Technology, Xiaomi, and iFlytek, covering sectors like education, service, research, and industry [3][4] - Companies are differentiating themselves through unique features: UBTECH focuses on stability and interaction, Yushu on high-performance motion control, and Da Vinci on cloud-based intelligent robots [4][5] Market Growth Potential - The humanoid robot market is projected to become a $100 billion industry, with estimates suggesting the global market could exceed $20 billion by 2030 and China's market reaching around $5 billion [6][7] - Goldman Sachs predicts the global humanoid robot market could reach $154 billion by 2035, indicating a robust growth trajectory over the next 10-20 years [7] Investment Activity - The global humanoid robot market has seen over $5 billion in financing in 2023, with a significant portion directed towards companies in the U.S. and China [7] - Notable funding activities include UBTECH's $1 billion IPO in 2023 and Yushu's nearly $100 million Series B funding in 2022 [7][8] Financial Performance - Despite revenue growth, many companies in the humanoid robot sector are experiencing losses. For instance, UBTECH reported a revenue of 621 million yuan in the first half of 2025 but incurred a net loss of 440 million yuan [9] - The overall trend shows that while revenues are increasing, profitability remains a challenge due to high R&D costs and limited market demand [11]

Core Insights - The 2025 World Robot Conference showcased over 1,500 exhibits from more than 200 companies, marking a historic high in humanoid robot participation, indicating a nearing industrialization milestone [1] - The transition of humanoid robots from exhibition to real-life applications faces three major bottlenecks: technological breakthroughs, supply chain collaboration, and innovative business models [1][3] Technological Breakthroughs - Humanoid robots need to evolve from clumsy "mechanical imitation" to smooth "human-like evolution," requiring advancements in lightweight materials, bionic muscles, and spherical joints [1] - Companies like UBTECH and Songyan Power have made significant progress, with UBTECH's Walker series reducing robot weight from 77 kg in 2019 to 52 kg in 2025, enhancing flexibility [1][2] Supply Chain Collaboration - The industry must shift from "single-point breakthroughs" to "collaborative breakthroughs," as humanoid robots are complex technologies that require a cooperative ecosystem [2] - Vertical collaboration between manufacturers and core component suppliers is essential for accelerating technology iteration and cost optimization, while horizontal collaboration across various sectors is necessary to define needs and establish unified standards [2] Business Model Innovation - The current high costs are the biggest barrier to mass production of humanoid robots, necessitating a shift from "capital accumulation" to "cost control" [2] - A dual approach of scaling cost reduction and continuous technology iteration is recommended, similar to the path taken by the electric vehicle industry, focusing on design optimization and supply chain management [2] - Exploring flexible models such as leasing and service sharing can lower initial user costs and accelerate market validation [2][3]