SIASUN(SZ:300024)2025-02-08 12:50Summary of Conference Call on Robotics Industry Industry Overview - The conference focused on the robotics industry, particularly the advancements in AI and its impact on growth cycles in various sectors, including vehicles and components, autonomous driving, and robotics [1][2]. Key Insights and Arguments - The robotics sector is expected to experience significant growth driven by collaboration between training vehicle suppliers and domestic gas suppliers, leading to cost reductions and the ability to produce at scale [2]. - The year 2025 is highlighted as a critical year for the robotics sector, with expectations of a surge in industrial progress and investment opportunities [1][2]. - Tesla and Huawei are identified as the two major players in the robotics supply chain, with a strategic focus on these companies for investment [2]. Production and Market Projections - Tesla's humanoid robot production is projected to start with a capacity of 1,000 units per month in 2025, potentially scaling to several thousand units by the end of that year, and 10,000 units per month for the 2.0 version in 2026 [3]. - If humanoid robot shipments reach 1 million units annually, the cost could drop to $20,000 per unit, with potential revenues exceeding $10 trillion [4]. - The humanoid robot industry is still in its early stages, despite recent stock price increases, indicating a significant market potential [4]. Investment Opportunities - The current low institutional holdings in the robotics sector suggest an upward trend in the market [5]. - Key upcoming events include the release of Tesla's third-generation robot and potential product iterations from Huawei, which could trigger market movements [5]. - The focus should also be on established companies with potential for growth, such as TOR and TRQ, which are expected to see significant market valuations [6]. Huawei's Robotics Strategy - Huawei's robotics team is divided into internal and external divisions, focusing on software control and decision-making, with significant contributions from its subsidiaries [7]. - The importance of specific teams within Huawei, particularly in hardware development, is emphasized for investment considerations [7]. Supply Chain and Key Players - The supply chain dynamics are crucial, with a focus on high-barrier segments and potential partnerships with contract manufacturers [8]. - Key companies to watch include Zhao Wei, Jidian, Haoneng, Fuda, and Saisili, with potential valuations and growth opportunities highlighted [8]. Conclusion - The conference concluded with a commitment to continue monitoring developments in the humanoid robotics sector and encouraging investor engagement with the research team for further insights [9].