创金合信张小郭:2026年人形机器人投资的三个阶段

中信建投财富管理
Feb 25

图片来源:视觉中国2026年,人形机器人产业迎来从“技术验证”向“规模量产”跨越的关键之年。马斯克曾预言,全球人形机器人市场需求有望达100亿台,远期市场空间高达200万亿美元,这一赛道或正复刻新能源汽车产业的成长路径,成为高端制造领域最具想象空间的高成长赛道。从产业进展来看,2025年行业内众多玩家已完成小批量量产验证,2026年海内外头部企业纷纷开启规模爬坡,特斯拉、优必选、宇树、智元等企业的...

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