中信建投:人形機器人產業鏈投資機遇 建議關注兩類公司
中信建投研報稱,隨着國內外人形機器人廠商2025年分別逐步啓動幾千臺或者萬臺的量產計劃,2026年預期分別數萬臺或者10萬臺的量產計劃。過去,人形機器人參與者主要爲波士頓動力、Ameca等沒有實現商業化量產的廠商,零部件主要爲定製產品,參與的供應商較少。現在,隨着特斯拉發佈人形機器人量產展望,越來越多的零部件供應商以及整機企業將切入人形機器人領域。建議關注兩類公司:①技術實力強、已有成功經驗,未來參與人形機器人市場的確定性非常高的標的;②具有同源技術產品的廠商,可能會橫向拓展切入人形機器人產業鏈。
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