过去，深圳企业的竞争力来自于"快"，快速整合资源，快速响 应市场；但现在，深圳诞生的新一代企业，不仅要"快得起 来"，而且要"慢得下去""深得下去"，回到初心，站在巨人的 肩膀上，重新定义产业，也定义自身。深圳经济特区，祝你生 日快乐！ 作者：郑晨烨 封图：图虫创意 2025年8月26日，深圳经济特区迎来建立45周年。 很多人对深圳的印象是从素有"中国电子第一街"的华强北开始的。在华强北电子世界，密密麻麻的 柜台一个挨着一个，这些柜台长度约一米，上方是玻璃展示柜，下方是储物抽屉，高峰期，一个柜 台的日资金流水可达数百万元。一个广被引用的统计数据称，华强北 "一米柜台"诞生了50多位亿 万富翁。 腾讯、大疆等等明星企业的创业故事，都曾与这里的方寸之地相关，这里的商业逻辑直接、有效， 利用信息差和"前店后厂"的模式，将电子元器件、手机、电脑配件快速组合，再迅速发往全球。 在很长一段时间里，华强北就是 深圳 效率的代名词之一， 但近几年，关于深圳"慢下来"的讨论也 并不少见。一种较为普遍的观点认为，在华为、腾讯、大疆之后，这座城市很难再诞生新的巨无霸 企业，"一米柜台"所代表的草根创新活力正在褪色，而新的创新引擎尚 ...

AI（人工智能）芯片龙头英伟达正式发售新一代机器人"大脑"，已经得到优必选、宇树科技和银河通用等多家中国机器人公司的采用。 8月25日晚间，《每日经济新闻》记者从英伟达处获悉，该公司已发售专为物理AI和机器人打造的机器人计算机NVIDIA Jetson AGX Thor开发者套件和量 产级模组，产品可为制造、物流、交通、医疗、农业和零售等行业的机器人提供算力支持。 英伟达方面表示，已有超过200万开发者正在使用NVIDIA的机器人技术栈。联影医疗、万集科技、优必选、银河通用、宇树科技、众擎机器人和智元机 器人等公司已经率先使用Jetson Thor。 据悉，相较上一代产品Jetson AGX Orin，此次发布的Jetson Thor基于英伟达Blackwell芯片，AI算力提升至7.5倍，能效提升至3.5倍，支持所有主流AI框架 与生成式AI模型，兼容英伟达从云到边缘的软件栈，可运行多个AI工作流，实现实时推理，让机器人与人类及物理世界进行实时、智能的交互。 英伟达创始人兼首席执行官黄仁勋称，JetsonThor为开发者打造，助力其构建可与物理世界交互甚至改变物理世界的机器人系统，能够在边缘设备上同时 运行 ...

● 本报记者 郑萃颖 "具身智能机器人已从研发元年、量产元年迈入商用元年。"智元机器人董事长兼CEO邓泰华在8月21日 表示。作为具身智能机器人产业中的热门产品，人形机器人发展势头迅猛，商业化进程明显加速。与此 同时，多家人形机器人厂商纷纷晒出订单，比拼商业化进度，首批落地场景逐渐清晰，产业链相关硬件 企业也迎来发展机遇。 厂商比拼订单量 在8月21日举办的智元机器人首届合作伙伴大会上，邓泰华表示，全球正处于"具身智能大爆发的前 夜"，2025年具身智能机器人将迎来商用化的拐点，最终成为继手机和汽车之后的"下一代海量智能终 端"。 "智元机器人今年会有数千台出货量，希望在未来几年达到年产几十万台的规模。"邓泰华称。 近期，国内人形机器人厂商密集公布订单数据，传递出积极信号。 据记者了解，今年上半年，松延动力已获得超2000台机器人订单，公司计划先从科研教育、展览展示、 文旅导览等场景切入市场。专注医疗服务领域的机器人公司傅利叶，计划于今年交付数千台旗下机器人 产品。智平方的AlphaBot（爱宝）系列机器人今年已收到近500个订单，目前已在东风柳汽、晶能微电 子等工厂投入使用。星动纪元则表示，今年6月发布的星 ...

Core Viewpoint - The development of humanoid robots is a significant technological direction aimed at taking over repetitive physical labor in society, with the potential for widespread adoption similar to automobiles, benefiting humanity as a whole [1][2]. Industry Overview - The humanoid robot industry in China is accelerating through a dual-cycle model of "application validation - technological breakthroughs," driven by national policy guidance and attracting diverse manufacturers to collaboratively build an industrial ecosystem [1]. - The commercial sales volume of humanoid robots in China is expected to reach approximately 2,000 units in 2024, with projections of 60,000 units by 2030, reflecting a compound annual growth rate of 95.3% [1]. Innovation and Technological Breakthroughs - Innovation is identified as the core engine driving the transformation of humanoid robots, creating a pivotal "ChatGPT singularity moment" that will ignite market recognition and industrial enthusiasm [2]. - Continuous technological breakthroughs in humanoid robots include advancements in dexterous limb movement control, enhanced environmental perception, embodied intelligence, improved energy efficiency, and rapid reductions in hardware costs [1]. Company Innovations - **Yushun Technology**: Launched the Unitree R1 humanoid robot at a starting price of 39,900 yuan, featuring 26 joints and a weight of approximately 25 kg, aimed at developers and educational institutions [3][5]. - **Zhejiang Humanoid**: Showcased a full-size humanoid robot capable of precise operations across various terrains, demonstrating robust operational capabilities [5][7]. - **Zhiyuan Robotics**: Released the Lingxi X2 humanoid robot with enhanced interaction and control capabilities, priced between 100,000 to 300,000 yuan [11][13]. - **Zhuji Power**: Introduced the TRON 1 dual-mode humanoid robot, expanding its capabilities for complex terrain navigation and research tasks [17][19]. - **UBTECH**: Achieved multiple innovations in hardware and software, including a hot-swappable battery system for continuous operation and a multi-modal reasoning model for enhanced decision-making [20][22]. Market Dynamics - The humanoid robot industry is expected to experience a non-linear growth trajectory, leading to a "burst singularity" where capital, talent, supply chains, and application scenarios converge at unprecedented speeds [2].

Core Viewpoint - The 2025 World Robot Conference (WRC 2025) showcased advancements in humanoid robots, particularly by UBTECH, highlighting their capabilities across various applications including industrial, commercial, research, and companionship [2][11]. Group 1: Humanoid Robot Innovations - UBTECH unveiled the Walker S2, a humanoid robot with a height of 1.76 meters, featuring 52 degrees of freedom and industrial-grade dexterity, capable of carrying loads up to 15 kilograms [3][4]. - The Walker S2 incorporates advanced AI technology, including a dual-eye stereo vision system and a unique energy management system that allows for autonomous battery swapping in just 3 minutes [4][11]. - The Cruzr S2, a full-size humanoid robot, was also launched, equipped with intelligent navigation and motion control technologies, suitable for various tasks such as sorting and guiding [5][11]. Group 2: Group Intelligence and Collaboration - UBTECH introduced groundbreaking group intelligence technology for humanoid robots, enabling multi-task operations in industrial settings through collaborative decision-making and control [6][8]. - The integration of multiple Walker S2 and Cruzr S2 robots with other mobile robots demonstrated a complete workflow from material handling to intelligent sorting, enhancing operational efficiency [8][10]. - The robots showcased advanced capabilities in dynamic balance and complex movements, such as extreme squatting and high-angle torso rotation for sorting tasks [8][10]. Group 3: Diverse Applications and Market Impact - The conference highlighted the versatility of humanoid robots in various sectors, including service, education, and entertainment, with products like the AI Wukong and the upgraded AI companion robot Meng UU [10][11]. - UBTECH's focus on creating "new quality productivity" through humanoid robots aims to improve efficiency across industries while maintaining a human touch in service applications [11].

Investment Rating - The industry investment rating is "Outperform the Market," indicating an expected relative increase of over 10% in the industry index compared to the broader market within the next six months [7]. Core Insights - The World Robot Conference held in Beijing marks a significant milestone for the humanoid robot industry, showcasing over 1,500 exhibits from more than 200 domestic and international companies, with over 100 new products launched [2]. - The conference theme emphasizes making robots smarter and more capable, reflecting a shift from conceptual demonstrations to practical applications in real-world scenarios [2]. - The humanoid robot industry is expected to enter a phase of mass production in 2025, with China poised to lead globally due to advantages in supply chain cost reduction and innovative applications [3]. - Key challenges include insufficient AI generalization capabilities, high costs of training real-world data, and a gap between consumer price expectations and current costs [3]. - The next 3-5 years are seen as a critical window for scaling up production, particularly in industrial applications, while household adoption will depend on breakthroughs in general AI and cost reductions [3]. Summary by Sections Event Overview - The World Robot Conference opened on August 8, 2025, in Beijing, showcasing advancements in humanoid robotics [1]. Investment Highlights - The conference highlighted a transition from "conceptual showcases" to practical scenario validations, with significant orders received by companies like UBTECH and ZhiYuan, validating the feasibility of humanoid robots in industrial tasks [2]. - Major investments from giants like JD.com and Meituan are driving the development of embodied intelligence, facilitating the penetration of technology into logistics, healthcare, and commercial services [2]. Industry Challenges - The humanoid robot industry faces three main challenges: inadequate AI capabilities, high training costs for real-world data, and a disparity between consumer price expectations and current production costs [3]. Future Outlook - The report suggests that the acceleration of the humanoid robot industry, along with breakthroughs in domestic core components, will be key investment themes moving forward [3].

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies within it Core Insights - The 2025 World Robot Conference (WRC) showcased over 200 companies and 1,500 exhibits, highlighting advancements in swarm intelligence, humanoid robotics, and multi-modal large models [1][15] - China's robotics industry is projected to generate nearly RMB 240 billion in revenue in 2024, maintaining its status as the largest industrial robot market globally for 12 consecutive years [4][18] - The commercialization of general-purpose humanoid robots follows a phased approach, transitioning from algorithm validation to household applications [3][17] Summary by Sections Event Overview - The WRC 2025 opened on August 8, 2025, in Beijing, featuring over 200 companies and 1,500 exhibits, including more than 50 humanoid robot manufacturers [1][15] Industry Achievements - The conference highlighted breakthroughs in swarm intelligence, humanoid robotics, and fully self-developed embodied intelligence systems, with notable demonstrations from companies like UBTech and Unitree [2][16] Market Dynamics - In the first half of 2025, industrial robot output reached 370,000 units, a 35.6% year-on-year increase, while service robot output reached 8.824 million units, up 25.5% year-on-year [4][18] - Industrial robots are utilized across 71 major and 241 sub-categories of the national economy, with applications in automotive manufacturing, electronics, and healthcare [4][18] Technological Framework - The Global & Omni-body Vision-Language-Action Model (GOVLA) represents a significant technological advancement, enabling coordinated control and task execution across various environments [3][17][20] - The phased rollout of humanoid robots includes stages from algorithm validation to public service and ultimately to household assistance [3][17] Future Outlook - The report indicates a strong foundation for future consumer adoption of humanoid robots, with a focus on high-value B2B markets in the early stages [3][17]

Summary of Key Points from the Conference Call Industry Overview - The global robotics market experienced explosive growth in the first half of 2025, with manufacturers of complete machines and components seeing an average growth rate of 50% to 100% [1][3] - Major overseas players, such as Tesla, plan to produce thousands of humanoid robots annually, indicating intensified competition in the robotics industry [3][4] Company Highlights Yushu Technology - Launched a 1.2-meter humanoid robot, r one, priced at 39,900 yuan, featuring 26 degrees of freedom and customizable appearance [1][5] - Developed a second-generation 3D LiDAR, significantly reducing costs to approximately 1,000 yuan, enhancing the cost-effectiveness of domestic robots [5] Ubtech - Introduced the Walker S2 humanoid robot with a pioneering autonomous battery swap technology, allowing for a three-minute battery change, addressing the endurance issue [1][6] - The robot features a planetary gearbox and a dual RGB vision system, improving adaptability in factory environments [6] Beijing Humanoid Robot Innovation Center - Achieved significant advancements in intelligent upgrades, utilizing a large model for enhanced decision-making and execution capabilities, with precision improvements such as a 0.05 mm repeat positioning accuracy [1][7] Application Expansion - Humanoid robots are expanding into logistics, commercial services, education, and healthcare sectors, with companies like Pudu Robotics achieving over 80% of their revenue from overseas markets [1][8] Technological Breakthroughs - The robotics industry made notable advancements in motion control and general intelligence, with Yushu Technology reducing motion oscillation by 60% and doubling the speed of dynamic actions compared to early 2024 versions [2] - Hardware performance is now meeting application needs, with future bottlenecks expected to shift towards the intelligent framework of general-purpose robots [2] Component Innovations - Component manufacturers like Mingzhi are innovating in motor control and operational control, with significant improvements in stability and response speed [9][10] - Wolong Electric Drive is developing high-power, high-torque density motors to meet the demands of industrial and service robots [12] Market Dynamics - The market for humanoid robots is primarily targeting the B2B sector, with prices ranging from 500,000 to 800,000 yuan, making widespread consumer sales challenging [22][23] - The industry faces challenges such as high costs, lack of standardization, and the need for deeper integration of hardware and AI models to enhance interaction and adaptability [23][24][25] Capital Influence - Capital investment is crucial in the robotics sector, driving technological advancements and commercialization, with significant funding rounds reported for various companies [19] Future Outlook - The robotics industry is expected to continue its rapid growth, with projections indicating a market size increase from 507,500 units in 2021 to 1,412,000 units by 2030 [18] - Ongoing challenges include high costs, technical standardization, and the need for improved sensor and control technologies to support scalable development [26]

Core Insights - The 2025 World Robot Conference (WRC 2025) was held in Beijing, showcasing five humanoid robots from UBTECH, including the Walker S2, Cruzr S2, and others, highlighting advancements in various application scenarios such as industrial manufacturing and service [2][3] Group 1: Product Features - The Walker S2 is a humanoid robot with a height of 1.76 meters, featuring 52 degrees of freedom and an industrial-grade dexterous hand, capable of carrying a load of 15 kilograms within a range of 0-1.8 meters [2] - The Walker S2 incorporates dual battery technology for hot-swappable power, allowing for continuous operation with a battery swap time of approximately 3 minutes, enabling 24/7 operational capability [3] - The Cruzr S2 utilizes UBTECH's self-developed Co-Agent technology and visual-laser navigation for efficient operation in complex environments, suitable for tasks like sorting, assembly, and guiding [3] Group 2: Business Collaborations and Financial Performance - UBTECH has established partnerships with several automotive companies, including Dongfeng Liuzhou Motor, Geely, and BYD, making it the only humanoid robot company collaborating with multiple car manufacturers [4] - In 2024, UBTECH reported revenue of 140 million yuan from industry-customized robots, a year-on-year increase of 126.1%, while consumer robots generated 477 million yuan, up 88.1% [4] - The company has secured a humanoid robot procurement project valued at 90.51 million yuan with Miyi Automotive Technology, considered the largest humanoid robot commercial contract globally to date [4]

Group 1 - The "2025 World Robot Conference" in Beijing features over 50 companies showcasing hundreds of humanoid robot products, marking the highest number of exhibitors in similar events [1] - Humanoid robots are the main attraction at the conference, with various models ranging from approximately 1 meter to nearly 2 meters in height [4] - A Shenzhen-based robotics company demonstrated robots working in a factory-like setting, highlighting their ability to perform tasks such as sorting and unloading products seamlessly [6] Group 2 - The "Walker S2" robot can autonomously change its battery within three minutes, allowing for continuous operation and representing a new level of productivity in factories [9] - Another robotics company showcased a creative performance featuring bipedal humanoid robots and quadrupedal robotic dogs dancing together, illustrating innovative applications of robotics in entertainment [11]