JOYSON ELEC (00699) rose nearly 5% in morning trading. As of the time of writing, the stock is up 3.44% at HK$18.05, with a turnover of HK$64.9536 million.

The catalyst for the move is news that Tesla has officially announced its third-generation humanoid robot is expected to debut around mid-year, with formal production commencing between July and August. Furthermore, Tesla plans to begin preparing the first mass production line for its humanoid robot in the second quarter of this year, targeting an annual capacity of 1 million units for the initial production line. Concurrently, Tesla is preparing a second-generation production line at its Texas Gigafactory, aiming for a long-term goal of 10 million units in annual capacity.

Analysts at Guolian Minsheng Securities previously issued a research note stating that JOYSON ELEC will fully launch its dual-drive strategy of "Automotive + Robotics Tier 1" in early 2025, focusing on core robotics components and related assembly solutions. Regarding overseas clients, the company has already begun mass delivery of components such as the robot's occiput (back of the head), neck, shoulders, knees, and fingers to a leading robotics company, and is currently exploring supply solutions for next-generation head display systems and head assemblies.