SIASUN(300024)2025-01-09 16:35Key Points Industry and Company Involved * Industry: Humanoid robotics * Company: Tesla, Huawei, Apple, NVIDIA, One Technology, Figure AI, BYD, Changan, Guangqi, etc. Core Views and Arguments * Tesla's Production Plans: Tesla plans to produce a few thousand Optimus humanoid robots this year, with a potential for 50,000 units if testing goes well. This represents a significant increase in production volume, with a projected 5-10 million units next year. * Industry Growth: The humanoid robotics industry is expected to see a tenfold increase in production volume annually, driven by technological advancements and increasing demand. * Industry Transition: The industry is transitioning from thematic investment to performance-driven investment, with investors increasingly focusing on industry certainty and earnings growth. * Huawei's Involvement: Huawei is actively involved in the humanoid robotics industry, with its own robotics division and partnerships with other companies. * Apple's Perception Model: Apple has developed a novel perception model called COMAS, which uses hand models for sensing, different from traditional camera-based approaches. * Industry Timeline: 2023 is expected to be a breakthrough year for humanoid robotics, with significant advancements in both hardware and software. 2024 is considered the industry's "birth year," with numerous demos and prototypes being released. 2025 and beyond will focus on application scenarios and software testing. * Investment Opportunities: The report suggests focusing on high-certainty Tesla-related stocks, such as Sanhua, Tuopu, Beite, and Mingzhai. Other areas of interest include sensors, perception, and domestic robotics companies. Other Important Points * Industry Collaboration: There will be significant changes in industry collaboration and partnership dynamics. * NVIDIA's Involvement: NVIDIA is actively involved in the robotics industry, providing a comprehensive range of services from software to hardware and computing platforms. * AI and Robotics: AI, particularly large language models, is expected to play a crucial role in the development of humanoid robotics, driving advancements in perception, cognition, and action. * Challenges: The development of humanoid robotics faces challenges in data collection, perception, and motion planning, particularly for the "small brain" component. * Application Scenarios: The long-term application scenarios for humanoid robots include household use, while short-term applications may involve testing in special scenarios or government-led projects.