China · Wall Street · Tesla · CNBC Technology
Morgan Stanley doubles China humanoid robot shipment forecast as commercialization accelerates
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Morgan Stanley has sharply raised its outlook for China's humanoid robotics market, saying the industry's shift from demonstration to commercial deployment has proved faster than expected.
Key facts
- Morgan Stanley estimated China's humanoid robot market will reach $2 billion this year and grow to $15 billion by 2030
- Seer Intelligent, a Shanghai-based robotics company that began trading in Hong Kong on Wednesday, has expanded beyond China since 2021, with overseas revenue from more than 65 countries contributing
- The bank named Shanghai-listed Leaderdrive as a major beneficiary of the rise in humanoids, raising its 12-month target price to 464 yuan ($68) from 269 yuan
- The Wall Street bank upgraded its forecast for China's humanoid robot shipments for a second time this year on Tuesday, expecting 50,000 units to ship this year, nearly double its previous projection
Summary
The Wall Street bank upgraded its forecast for China's humanoid robot shipments for a second time this year on Tuesday, expecting 50,000 units to ship this year, nearly double its previous projection of 28,000. Morgan Stanley estimated China's humanoid robot market will reach $2 billion this year and grow to $15 billion by 2030. "Commercial verification, policy support, and supply-chain feedback point to faster humanoid adoption in China," Sheng Zhong, equity analyst at Morgan Stanley, said in a note Tuesday. China has accelerated its push to dominate the industry, with a growing roster of domestic manufacturers racing to scale production and deploy robots in real-world settings such as factories, convenience stores and restaurants.