机械设备行业周观点:人形机器人海外产能持续推进 11月挖机内销超预期

中信建投证券
Dec 14, 2025

核心观点(1)人形机器人:供应链海外产能规划持续推进,建议聚焦优质环节。(2)工程机械:11 月挖机内销超预期,出口在高基数上维持较高增速,且非挖内销持续高增,总体基本面保持良好,看好跨年行情。(3)固态电池设备:随着固态电池中期验收有望于年底前完成,技术方案将进一步收敛,确定性逐步增强, 头部电池厂及整车厂有望于年底前开启新一轮订单招标。行业动态信息人形机器人:机器人供应链海外产能规划推进,建议...

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