[CSI Focus].

Xpeng has developed a humanoid robot with a skin perception system

He Xiaopeng, a deputy to the National People's Congress and chairman of Xpeng Motors, said that Xpeng Motors is developing a humanoid robot with a skin perception system, which is said to have "a sense of temperature, pressure, and even pain feedback". In addition, Xpeng Motors has invested 5 years in the "complex technology matrix based on the research and development of humanoid robots", "maybe it will take another 20 years, another 50 billion yuan, or even hundreds of billions of yuan, to have a chance to do a good job".

Comments: As a high-tech sensor system, electronic skin is designed to mimic the physiological functions of human skin. With the development of the Internet of Things, wearable devices and artificial intelligence technology, e-skin is increasingly widely used in smart medicine, human-computer interaction, virtual reality, robotics and other fields. In the "Implementation Opinions on Promoting the Innovation and Development of Future Industries" issued by the Ministry of Industry and Information Technology and other departments, it is clearly proposed to break through core technologies such as electronic skin. According to Precedence Research, the global e-skin market size is estimated to be around $6.3 billion in 2024. The global e-skin market is expected to grow at a compound annual growth rate of more than 17% in the next decade, and the market size will exceed $30 billion by 2034.

◆Among the A-share companies, Heertai (002402) cooperated with Tsinghua University to develop a three-dimensional electronic skin, and invested in Beijing Yuanluo Technology, an embodied intelligent company, to promote the application scenarios of humanoid robot haptic technology. Xiangyuan New Materials (300980) can provide flexible sensor substrates, and its piezoelectric sensing scheme has been verified by the laboratory and is potentially applied to robot tactile perception.

【Highlights of the News】

○According to the monthly information of power batteries in February 2025 released by the China Automotive Power Battery Industry Innovation Alliance, in February, China's power battery sales were 66.9GWh, an increase of 6.4% month-on-month and 98.8% year-on-year.

○According to data released by the China Association of Automobile Manufacturers, from January to February, China's automobile production and sales were 4.553 million and 4.552 million units, respectively, an increase of 16.2% and 13.1% year-on-year. Among them, the production, sales and exports of new energy vehicles increased by more than 50% year-on-year.

○ The Ministry of Natural Resources and the Ministry of Finance issued the Notice on the Use of Local Government Special Bonds to Support Land Reserves, requiring that land reserve projects applying for the issuance of special bonds must be included in the land reserve plan.

○ RISC-V Working Committee: Solicit participants in the compilation of three group standards, including the RISC-V Instruction Set Architecture Matrix Extension (ME) Instruction Set.

○On March 13, the "Cloud Intelligence Gathers Energy and Builds a New Future of the AI Industry - Artificial Intelligence and Controllable Cloud Computing Industry Ecology Conference" hosted by the Hangzhou Municipal Bureau of Economy and Information Technology will be held. The conference will officially release the Hangzhou computing resource scheduling service platform, and Alibaba Cloud, Huawei, etc. will participate in the conference.

○ Shanghai has issued guidance on the high-quality development of public transportation, accelerated the construction of the Oriental Hub, and promoted the planning and construction of "one city and one hub" in five new cities.

○On March 11, Shenzhen Yuejiang Technology released the world's first "dexterous operation + straight knee walking" embodied intelligent humanoid robot, which can realize cross-scene and multi-unit collaboration to be competent for complex operation generalization tasks.

[Sankei perspective].

It is related to the performance of the battery, and the thinnest battery foil in China has achieved mass production

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Recently, Chinese companies have successfully developed 8-micron double-sided photovoltaic cell foil, which can achieve a monthly production capacity of 100 tons, which is the thinnest battery foil that can achieve mass production in China. Battery foils are commonly used in lithium-ion batteries as current collectors for the positive or negative electrodes, responsible for collecting and conducting current to external circuits. Its thickness directly affects the energy density and performance of the battery.

Comments: 8 micron double-sided photocell foil is mainly used in high-end battery products such as mobile phone lithium batteries, 3C batteries, and robot batteries, which makes the battery thinner and denser in energy, and can also ensure that the battery has better conductivity and stability in the process of charging and discharging. A-share related concept stocks mainly include Dingsheng New Materials (603876), East Sunshine (600673), etc.

【Company Trends】

○ Raytheon Technology (872190) said that the upcoming AURA smart glasses (AI Exploration Edition) are equipped with AI algorithms, which can complete complex tasks such as environmental perception and multi-scene applications in real time, and are scheduled to be officially launched in the second quarter.

○ Wuzhou Xinchun (603667) signed the "Strategic Cooperation Framework Agreement" with Hangzhou Xinjian Electromechanical Transmission Co., Ltd. to further promote the production of planetary roller screws, micro ball screws and other parts and screw products for intelligent vehicles.

○Recently, Neusoft Group (600718) and Huawei jointly released the "Neusoft-Huawei Clinician Assistant All-in-One Solution", and a number of Neusoft's AI+ medical products have completed and passed Huawei's Ascend technology certification.

○Recently, Hymson (688559) successfully signed a strategic acquisition agreement with Leister Group, announcing the wholly-owned acquisition of Leister Group's laser plastic welding business, enabling manufacturing innovation in the fields of automotive engineering, medical technology, sensor technology, electronics and microsystem technology.

○ 12 subsidiaries of China XD (601179) won the bid for a total of 1.443 billion yuan of State Grid procurement projects.

○ Pinggao Electric (600312) won the bid for the procurement project of the State Grid Corporation of China, with a total bid amount of about 1.391 billion yuan.

○ Han Cable Co., Ltd. (002498) won the bid of 559 million yuan for the State Grid project.

○ Fengfan Co., Ltd. (601700) won the bid for about 251 million yuan of State Grid project.

○ Oriental Tower (002545) won the bid for about 383 million yuan project of State Grid Corporation of China and China Southern Power Grid Corporation.

○ Shaanxi Energy (001286): Shareholder Yuneng Huisen plans to increase its shareholding in the company by 250 million yuan to 500 million yuan.

[Capital Tide].

○ On March 11, the net outflow of main funds in Shanghai and Shenzhen was 18.532 billion yuan. The top three sectors with net inflows of main funds were wine, Internet services and minor metals, with net inflows of 2.021 billion yuan, 1.620 billion yuan and 1.167 billion yuan respectively. The top three stocks with net inflows of main funds were Yanshan Technology, Leyard and Kweichow Moutai, with net inflows of 2.372 billion yuan, 965 million yuan and 788 million yuan respectively.

○ Yanshan Technology (002195) rose on March 11, with a turnover of 12.808 billion yuan, ranking first in the two cities, with a turnover rate of 33.21%. According to the data of the after-hours Dragon and Tiger List, the special seats for Shenzhen-Hong Kong Stock Connect bought 400 million yuan and sold 178 million yuan, and the special seats for an institution bought a net of 156 million yuan.