Event: Xiaomi accelerates the layout of robots and announces the progress of mass production in the past two months. Recently, the Xiaomi robot team announced that CyberOne is landing on the production line in Beijing Yizhuang in stages, and plans to announce the mass production progress in March and April, and make PR announcements in the second half of the year. At the end of February, Xiaomi obtained two patents for manipulators and robots, indicating that its dexterous hand layout is deep. With the SU7Ultra launch conference far exceeding expectations, we believe that Xiaomi will also become a leading humanoid robot company in China after strengthening its internal investment in the direction of robots.

1. What do you think of Xiaomi as a robot?

Layout of multi-category agents, rich AI ecosystem; Customer groups & technologies are interconnected to promote mutual development. Xiaomi is a domestic enterprise with a simultaneous layout in the four major fields of smart phones, smart homes, smart cars, and robots, and the ecological interaction of various categories of intelligent twins will amplify its technological synergies and create a better closed loop for customers.

In 2022, Xiaomi launched CyberOne (bipedal humanoid), and on August 14, 2023, Xiaomi held the 2023 Lei Jun annual speech, officially released Xiaomi's new quadruped robot CyberDog2 (Iron Egg Second Generation), and announced that the product price is 12999 yuan. At present, Xiaomi's bipedal robot has been iterated for 3 generations, and at the same time, Xiaomi's internal attention to robot projects has increased, and it is expected that there will be events in the near future. From the point of view of links, Xiaomi's overall plan is self-developed, but there will be the participation of industry and commerce, and it is still a stage of 0 to 1, and it is expected that companies with technical advantages & production capacity advantages & early cooperation advantages will have a higher probability of being selected.

2. What is the progress of Xiaomi robots?

The government work report mentioned that it is necessary to cultivate future industries such as embodied intelligence, and vigorously develop a new generation of intelligent terminals such as intelligent robots and intelligent manufacturing equipment. As a representative of the National People's Congress, Lei Jun, CEO of Xiaomi, submitted the "Proposal on Accelerating the High-quality Development of the Artificial Intelligence Terminal Industry" to the conference.

Lei Jun convened an emergency internal meeting of the Robot Division the day after the symposium of private entrepreneurs, asking to increase investment in robots and accelerate the progress of Xiaomi robots; We understand that Xiaomi's Yizhuang production line will be displayed in a small area in March; Open for visitors in April and May; In the second half of the year, PR publicity will be made; And at present, the robot has been able to do long-range tasks (leading in China). Xiaomi has proven its strength many times in the fields of smartphones, automobiles, and furniture, and we believe that it will also become a leading robotics company in China after strengthening its investment in the direction of robotics internally.

3. How do you view the position of Jinyang shares in the Xiaomi robot industry chain?

1) Xiaomi is a shareholder of the company, and its Beijing Xiaomi Intelligent Manufacturing Equity Investment Fund holds 2.51% of the company's equity, which has good contact with Xiaomi before listing and is optimistic about the company's development.

2) The binding relationship of Guohua Intelligent has been further strengthened: Guohua Xiaomi Robot has the existing core Tier1 supplier (similar to T-chain Sanhua Tuopu), which supplies robotic arms for Xiaomi and has the right to purchase parts; In terms of technical strength, Guohua Intelligent is one of the few private enterprises in China that has made the reducer into the JG field, and its technical strength has been proven. The company has acquired part of Guohua's shares, and will collaborate on the production of robot parts in the future, further strengthening its position in the Xiaomi robot chain. On Thursday, the agency investigated the core supplier of Xiaomi's humanoid chain, Guohua Intelligence, and concluded: "What we can say is: 1) Jinyang shares, we must pay attention to it, and we must continue to pay attention to it!" 2) The follow-up of Xiaomi robots will exceed expectations.

3) Guohua Intelligent not only has Xiaomi, but also two other head robot customers.

4) The opportunity for the localization of equipment in the humanoid industry chain will definitely come. In addition, Zhenghe industry must pay attention to and pay close attention to the follow-up progress. ”

Q: What is the status of the robot team?

A: There are more than 200 people in the team, which is a relatively large team.

Q: What is the progress of humanoid robots?

A: It is currently in the fourth generation. At the end of February this year, more than 20 humanoid robots will be trial-produced, and all of them will be put into the model station for operation and data collection. This year, the goal is to design a new generation of humanoid robots, achieve mass production of 100 units, and the new generation of humanoid robots will be officially announced. In addition, this year, our R&D focus will be on dexterous hands, and there are currently 4 dexterous hands being developed simultaneously.

Q: What is the situation of each generation of robots?

A: Iron Egg is the first generation, and the current 4th generation. The 2nd generation robot can do backflips, not front flips, and is a highly dynamic version. The definition of the fourth-generation product is for standard work, so it is not possible to flip back and forth, and it shows the action scenes of the work station, screwing, and box moving.

Q: What is the promotion plan for the robot?

A: There will be a small range of exhibition activities in Beijing in March this year, the specific time is still uncertain, this time the display should be the fourth generation of robots, will be displayed through the open day.

Q: What is the chairman's position on the humanoid robot business?

A: Recently, the chairman of the board of directors came to the factory to inspect the humanoid demonstration workshop, showing a demonstration of the operation of the robot under the 5 kinds of stations, and the overall satisfaction was relatively satisfactory, he said that now Xiaomi's positioning is AI+ terminal, and the robot is a core part, and will increase investment in the robot department.

Q: What is the specific plan of the 4th generation robot?

A: The current generation of robots in production uses rotating joints, wrists and ankles are four-link structures. A total of 30 rotating motors, the four-link structure includes a crank rocker + 2 connecting rods (one long and one short), mainly used on the wrist and ankle, a total of 4.

Q: What are the suppliers of the 4th generation robots, especially listed companies?

A: Most of them are non-listed companies that are developed or used by themselves, such as Qingdao Guohua for harmonics, the fourth generation does not have a lead screw, and the fifth generation has it, and it has not yet been fixed; The blue dot touch with the six-dimensional force, connecting rod + spherical bearing: in the four-link mechanism, the crank is machined by itself, and the connecting rod + bearing + pin is made by Longxi Co., Ltd. Another cooperation among listed companies is Rockchip.

Q: What is the value of Longxi in the 4th generation of robots?

A: Longxi makes the connecting rod assembly (including connecting rod, bearing, and pin) in the four-link mechanism. There are 4 lower limbs, with a total value of 4800. There are 4 upper limbs, with a total value of 2000. The total value of the whole machine is 6800.

Q: Do dexterous hands use connecting rods?

A: There will be 2 large rods in the wrist part of the dexterous hand, which is likely to be processed by Longxi. Fingers do not necessarily have connecting rods, such as rope drive schemes, fingers do not have connecting rods; In the linkage scheme, the finger has a connecting rod, but the value of this small connecting rod is very low.

Q: Will the 5th generation robot use Longxi shares?

A: The design of the next-generation robot under development has not yet been fully finalized, using 14 rotations + 12 linear joints. The wrist and ankle are driven by linear actuators, but the lead screw does not push the joint directly, either threading a bearing sleeve rod at the end of the lead screw, or hinging a bearing connecting rod, so it is also considered a connecting rod mechanism. These bearing sleeves and connecting rods are most likely made by Longxi. The bearing rod made by Longxi is sleeved at the end of the lead screw. There are a total of 4 dexterous hands, which are used for parallel control of the wrist (including connecting rods, bearings, ball columns), which are not fixed, and intend to cooperate with Longxi. There are a total of 4 lower limbs, which are set at the end of the lead screw, and are not fixed, so as to see whether the assembly manufacturer has manufacturing capacity, if not, Longxi may be designated as a secondary parts supplier. Other specific plans for arms, thighs, etc., have not yet been decided, and I am not sure whether Longxi is needed. According to the quotation estimate of this generation, the value of Longxi in the 5th generation is estimated to be higher than 7000.

Q: How do you evaluate Longxi's ability?

A: Although it is a state-owned enterprise, it does have the ability to cooperate with us to do customization and meet our requirements.

Q: What do you think of other robot companies?

A: Yushu is very powerful, and the domestic technology should be out of gear; In the depths of the clouds, this family was quite famous in the human form because of the six little dragons before. But in the past six months, I feel that it has faded out of the field of vision of mainstream manufacturers, and the robot dog is okay, but the robot seems to be average. We will ignore this when we do competitive product benchmarking; Zhiyuan and Byte are not very good, and they have to poach people from our company. Dig up the minions on our side and be the leader.

Q: How do you evaluate the level of the robot?

A: One of our important criteria is whether the robot can walk for a long time (2h). Yushu, Tiangong, Xingdong Era, Zhiyuan, and Zhongqing, these 5 companies have videos and truths. The rest are not easy to say about their actual ability, and some of them dare not take a step at the exhibition

Humanoid robot concept stock combing:

Zhenyu Technology(300953. SZ): the core supplier of joint assembly, exclusively responsible for the research and development of thigh joint modules, leading precision mold technology.

Jingcheng Co., Ltd. (600860.HK) SH): The actual controller participates in the Beijing Humanoid Robot Innovation Center to promote the localization of core components.

Information testing standard (300938): The company has the ability and qualification of robot EMC testing, safety testing, environmental reliability testing, etc.; The company provides Xiaomi with product safety, electromagnetic compatibility, reliability testing, chemical testing, and international certification of its products.

Fengli Intelligence(301368. SZ): Planetary reducer supplier, suitable for the lightweight needs of robots.

Haoneng shares (rights protection) (603809. SH): Developed a miniature planetary reducer and entered the stage of sample delivery and evaluation by Xiaomi.

Allwinner Technology(300458. SZ): Provide the main control chip (Allwinner MR813) for Xiaomi's quadruped robot "Iron Egg", which supports motion control algorithms and AI functions.

Hongxin Electronics(300657. SZ): Xiaomi's main supplier of flexible circuit boards (FPC) for robots, providing a full range of solutions.

Zhaowei Electromechanical(003021. SZ): a supplier of miniature drive systems for joint drives for humanoid robots.

Jiangsu Leili(300660.HK) SZ): a supplier of micro motors and drive systems, participating in the supply chain of Xiaomi robots, and adapting its technology to lightweight needs.

Tuopu Group (601689. SH): Provide high-precision joint assembly solutions, and deeply participate in the supply chain of Xiaomi robots.

Founder Motor (Rights Protection) (002196. SZ): developed robot joint modules, and some products have been sent for sample verification.

Roborock (688169. SH): Xiaomi ecological chain enterprise, providing AI path planning technology for sweeping robots, and related algorithms can be migrated to humanoid robots.

Hanwei Technology Co., Ltd. (300007. SZ): Nengstar, a subsidiary, develops flexible electronic skins for tactile interaction with robots.

Mingzhi Electric(603728. SH): Provide motors and drive systems, covering core components such as reducers and servo systems.

Lianchuang Electronics (002036. SZ): Provide optical lens technical support for robot vision systems.

OFILM(002456. SZ): Supply camera module and fingerprint recognition module for robot vision and perception.

Inovance Technology(300124. SZ): Development of humanoid robot motors, drives and actuator modules, with deep technical reserves.

Eston (002747. SZ): a leader in industrial robots, and Xiaomi jointly developed servo motors and controllers.

Machinery Co., Ltd. (872759. BJ): Provide intelligent conveyor system and robot integration services.

Longxi Co., Ltd. (600592. SH): Provide a low coefficient of friction connecting rod assembly, composite technology to improve structural efficiency.

AVIC Hi-Tech(600862. SH): Supply aviation-grade carbon fiber skeleton for robot bionic bone lightweighting.

Longhua New Materials(301149. SZ): Modified nylon material (PA66) for domestic robots.

Lingyi Intelligent Manufacturing (002600.HK) SZ): Provide structural parts such as robot shells and functional parts.

Youa Co., Ltd. (002277. SZ): Jointly with Xiaomi to invest in Foshan Longshen Robot and lay out intelligent manufacturing.

Thundersoft (300496. SZ): Provide software algorithm and system integration support to improve the intelligent level of robots

(Redirected from: Minutes Research Report).