Analysts like this humanoid supplier, even if the robots remain concepts
As the novelty of humanoid robots gives way to questions about their commercialization, stock analysts see potential for one gear box supplier.
TL;DR
- Tesla has been co-developing a new type of gear box (reducer) for humanoid robots with Shuanghuan.
- Deutsche Bank analysts expect these reducers could be used in the waist joints of humanoid robots.
- Shuanghuan's robotics gearbox subsidiary, Fine Motion, is planned for an IPO, with Shuanghuan retaining a controlling stake.
- Much of Shuanghuan's current business is with Chinese electric car companies, Stellantis, and BMW.
- Bernstein analysts believe Shuanghuan is well-positioned to benefit from Chinese Auto OEMs expanding into humanoid robotics.
- Chinese EV company Xpeng valued its robotics business at over $6 billion, comparable to its electric car business.
- Shuanghuan can benefit from growth in both Chinese and U.S. robotics industries amid U.S.-China robotics decoupling.
- Analysts from Deutsche Bank, Bernstein, and UBS have positive ratings for Shuanghuan, with price targets between 45 and 60 yuan.
- UBS expects new AI and humanoid robotics business could unlock medium- to long-term growth for Shuanghuan.
- Morgan Stanley noted a preference for leading parts makers like Shuanghuan, emphasizing the need for proven mass-production capabilities as humanoid robot deployment starts.