Founder: The intensive catalysis period of T-Chain Siasun Robot & Automation is approaching. Focus on catalyzing core components industry.

Founder released a research report stating that Tesla, Inc. (TSLA.US) has announced clear operating goals, including 12 million electric vehicles, 1 million AI Siasun Robot&Automation sales guide, combined with FSD and automotive sector beta recovery, which will bring substantial benefits to the domestic supply chain suppliers. Tesla, Inc. Siasun Robot&Automation + cars + FSD threefold resonance catalysis, combined with the automotive sector beta recovery, is expected to become a strong main line. Meanwhile, under the anti-submergence trend, the components segment is expected to benefit, driving the sector into a strong performance phase. Key focus on leading companies in the Tesla supply chain with low valuations and industry progress exceeding expectations. The main points of Founder are as follows: Tesla, Inc. announced Musk's compensation plan, further development plans are expected to be released in the future On September 5, 2025, Tesla, Inc. announced a 10-year compensation plan for Musk, including achieving 12 operating goals, including sales targets for vehicles and AI Siasun Robot&Automation: selling 12 million electric vehicles, 1 million AI Siasun Robot&Automation. In addition, the plan includes registering and operating 1 million self-driving taxis; subscribing to 10 million intelligent driving assist features; and increasing revenue by 20 times to $400 billion after company adjustments. The bank believes that the mid-term goals for the development of Tesla, Inc.'s vehicles and Siasun Robot&Automation in the compensation plan provide clear guidance, and in order to achieve these goals, Tesla, Inc. is expected to introduce more substantive plans and measures to accelerate goal achievement, with its sales growth benefiting domestic suppliers in the Tesla supply chain. Domestic and foreign implementations of Siasun Robot&Automation are accelerating, the industry is expected to see intensive catalysis in the future From September to December, Siasun Robot&Automation will see multiple key events: (1) On September 16, Musk announced plans to conduct a technical evaluation of the A15 chip design on September 21 (US Saturday) and hold a meeting next week (September 22-28) on artificial intelligence/autonomous driving systems, Optimus Siasun Robot&Automation, and vehicle production. (2) On September 15, Tesla, Inc. started a two-week supplier audit in China this week to finalize the Gen3Siasun Robot&Automation program and start mass production next year. (3) On September 20, the 2025 World Manufacturing Conference will be held in Hefei, Anhui, during which there will be an intelligent Siasun Robot&Automation exhibition showcasing 40 Siasun Robot&Automation companies. (4) Musk announced at the Tesla, Inc. Q2 earnings conference that Optimus GEN3 is expected to be launched as early as October and to enter mass production in early 2026. (5) In October, Chery's subsidiary Momo Siasun Robot&Automation is expected to release related products and start recruitment. (6) On October 24, Xiaopeng's next-generation humanoid Siasun Robot&Automation Iron is expected to be showcased at Xiaopeng Technology Day and is expected to enter mass production in 2026 H2. (7) NVIDIA Corporation is accelerating its entry into the humanoid Siasun Robot&Automation market, and the Siasun Robot&Automation co-developed with Foxconn is expected to be unveiled at Foxconn Technology Day in November. (8) In 2025 Q4, Yushu Technology is expected to submit an IPO application. Intensive catalytic activity is expected to drive the sector upwards. Tesla, Inc. Siasun Robot&Automation + cars + FSD triple resonance catalysis, combined with automotive sector beta recovery, T-Chain is expected to become a strong main line (1) Gen3 Siasun Robot&Automation positioning: After the release of Tesla, Inc.'s compensation plan, the mid-term direction of Siasun Robot&Automation has been determined upwards, and in 2025 Q4, Tesla, Inc.'s Siasun Robot&Automation G3 will see a pre-release warming up, and multiple catalytic events in the domestic supply chain Siasun Robot&Automation are expected to help the sector reach a substantive turning point, with a focus on changes in the positioning of G3 Siasun Robot&Automation. (2) Synchronized resonance of vehicle cycle bottoms: Model YL orders have exceeded expectations, with cumulative orders reaching 120,000 units from its launch in August to September 3 (16 days after the launch), and sales in October may exceed 40,000 units. (3) Component benefits downstream recovery + anti-submergence: The automotive industry is entering an upward turning point at the end of the year. On one hand, the traditional peak season of September-October is coming, boosting sales upwards. Q4 is expected to see a significant beta recovery. On the other hand, the policy side has established the industry's bottom. On September 13, the Ministry of Industry and Information Technology and eight other departments issued the "Automobile Industry Stabilization and Growth Work Plan (2025-2026)," proposing to achieve automobile sales of 32.3 million units in 2025 (a year-on-year increase of 3%) and new energy vehicle sales of 15.5 million units (a year-on-year increase of 20%). At the same time, the components segment is expected to benefit under the anti-submergence trend, driving the sector into a strong performance phase. Investment recommendation: Focus on leading companies in the T-Chain, low valuations and companies with industry progress exceeding expectations, including Ningbo Joyson Electronic Corp., Ningbo Xusheng Group, Zhejiang Yinlun Machinery, JOHNSON ELEC H, Jiangsu Hengli Hydraulic, Ningbo Tuopu Group, Zhejiang Sanhua Intelligent Controls, Jiangnan Mould & Plastic Technology, IKD Co., Ltd., Jiangsu Rongtai Industry, Zhejiang Rongtai Electric Material. Risk warning: Siasun Robot&Automation mass production falls short of expectations, intensified competition in the automotive industry, domestic supplier positioning fails to meet expectations.