Market review: This week (August 26-September-1), the robot index outperformed the market. The CSI Robot Index rose 4.4%, outperforming the Shanghai Composite Index by 4.8 percentage points, the CSI 300 Index by about 4.6 percentage points, and the ChiNext Index by about 2.2 percentage points, while the CNI Robot Index rose by 3.8%, outperforming the Shanghai Composite Index by 4.3 percentage points, the CSI 300 Index by about 4.0 percentage points, and the ChiNext Index by about 1.7 percentage points.

Xpeng's second-generation humanoid robot will be released on 1024 Tech Day. In 2023, Xpeng Technology Day released the humanoid robot PX5, which has excellent performance in walking and balance, can adapt to various complex terrains, and has the ability to play football, ride a balance bike and other difficult actions. Xpeng Tech Day 2024 will unveil the second generation of humanoid robots, with anthropomorphic designs, based on an end-to-end autonomous driving model, and ultra-fine dexterous hands. On August 12, He Xiaopeng, the founder of Xpeng Motors, released a video about the robot's dexterous hand, in which a dexterous hand is skillfully operating a smartphone and completing the whole process of ordering a new MONA M03 car.

UBTECH signed a cooperation agreement with the Innovation Center and Audi FAW. On August 22, UBTECH officially signed a cooperation agreement with Beijing Embodied Intelligent Robot Innovation Center and Audi FAW New Energy Automobile Co., Ltd., under which the three parties will jointly develop intelligent solutions for humanoid robots, introduce humanoid robots into intelligent handling, quality inspection and process material operation stations of automobile production lines, and promote the large-scale application of humanoid robots in automobile factories. UBTECH has reached cooperation with Dongfeng Liuzhou, Geely Automobile, FAW Hongqi, FAW-Volkswagen Qingdao Branch, Audi FAW and other automobile companies, 3C company Foxconn, and logistics company SF Express to jointly create humanoid robot demonstration applications.

The Yuhang District Government of Hangzhou City signed a contract with Zhejiang University to jointly build a humanoid robot industry innovation center. On August 27, the Yuhang District Government of Hangzhou City signed a contract with Zhejiang University to jointly build a humanoid robot industry innovation center to carry out humanoid robot technology research, planning to develop no less than 30 advanced robot products within 5 years, and introduce no less than 50 robot enterprises to help Hangzhou City and Yuhang District build a robot industry cluster with international influence.

The "Outlook for the Top Ten Trends of Humanoid Robots" was released, which made a forward-looking layout for the humanoid robot industry. Specifically, it includes: components and materials of humanoid robots, artificial intelligence-enabled humanoid robot design, humanoid robot motion intelligence, humanoid robot multimodal large model, humanoid robot large-scale dataset, humanoid robot embodied intelligence, humanoid robot inspired by human structure and neural mechanism, humanoid robot open source community, humanoid robot factory, humanoid robot ethics and safety of humanoid robot.

Financing dynamics: 1) Zhongqing Robotics completed angel round and angel+ round of financing totaling nearly 100 million yuan. The founder of Zhongqing Robot is Zhao Tongyang, the founder of the previous Xiaopeng robot team "Pengxing Intelligence". The first bipedal robot product "SA01" has been launched, with a price of only 38,500 yuan. 2) Fourier invests in humanoid robot start-up Dongyi Technology.

Related targets: core links of humanoid robot hardware: 1) lead screws and equipment, including Best (300580), Wuzhou Xinchun (603667), Beite Technology (603009), Hengli Hydraulics (601100), Qinchuan Machine Tool (000837), Dingzhi Technology (873593), Rifa Precision Machinery (002520), Zhejiang Hydeman (688577), Huachen Equipment (300809); 2) reducer, including green harmonic (688017), double-ring transmission (002472), and Zhongda (002896); 3) Sensors, including Hanwei Technology (300007), Donghua Testing (300354), Keli Sensing (603662); 4) Motors, including Mingzhi Electric (603728), Flextron Electric (688698), Buke (688160), HCFA Technology (688320); 5) Actuator assembly: Tuopu Group (601689), Sanhua Intelligent Control (002050); 6) Robot ontology, including Boshi shares (002698) and UBTECH (9880).

Risk warning: the risk that the downstream demand for industrial robots is less than expected; the risk that the expansion of robot companies is less than expected; The development of humanoid robots is not as risky as expected.