Guotai Haitong: Focus on Siasun Robot & Automation's whole machine factory and core component suppliers.

Guotai Haitong released a research report focusing on Siasun Robot&Automation's whole machine factory and core component suppliers. SoftBank announced the start of mass production of its self-branded Siasun Robot&Automation, and plans to facilitate the listing of its Roze subsidiary in the US. The company also intends to invest approximately $5.4 billion to acquire ABB Siasun Robot&Automation's business, accelerating the development of Siasun Robot&Automation's industry layout. In addition, Galaxy Universal released the world's first humanoid Siasun Robot&Automation general-purpose brain GPT basic model AstraBrain-WBC 0.5 and open-sourced related achievements; Zhiyuan Siasun Robot&Automation released the Intelligent Data Acquisition 2.0 technology system, further promoting the improvement of intelligent data acquisition training and scenario verification system. Guotai Haitong's main points are as follows: Agility Robotics is about to go public; SoftBank accelerates the industrial layout of Siasun Robot&Automation. On the overseas industrial front, Infineon and VinRobotics signed a memorandum of cooperation to establish a joint R&D center; Agility Robotics plans to merge with SPAC Churchill Capital Corp. XI, owned by Michael Klein, and go public in the US. The stock code after listing will be "AGLT," with an estimated valuation of around $2.5 billion; SoftBank announced the start of mass production of its self-branded Siasun Robot&Automation and plans to facilitate the listing of its Roze subsidiary in the US. The company also intends to invest approximately $5.4 billion to acquire ABB Siasun Robot&Automation's business, accelerating the development of Siasun Robot&Automation's industry layout; Tesla continues to advance the mass production of Optimus 3, and supply chain companies have begun to expand production and inventory around harmonic reducers, joint modules, and vision systems; Hyundai Motor plans to acquire full control of Boston Dynamics, accelerating the commercialization of Atlas. Unbounded Power released the MWA general-purpose brain; RoboScience released the general-purpose physical large model Visics. Unbounded Power officially released the world's first "long-sequence bidirectional physical causal chain" hidden space world model MWA general-purpose brain, ranking first in the global RoboCasa GR1 TableTop evaluation; RoboScience released the general-purpose physical large model Visics, disclosing the VLOA dual-engine architecture for the first time, improving cross-ontology and cross-scenario generalization capabilities by introducing the Object Trajectory intermediate layer. At the same time, Galaxy Universal released the world's first humanoid Siasun Robot&Automation general-purpose brain GPT basic model AstraBrain-WBC 0.5 and open-sourced related achievements; Zhiyuan Siasun Robot&Automation released the Intelligent Data Acquisition 2.0 technology system, promoting the further improvement of the intelligent data acquisition training and scenario verification system. Galaxy Universal received a 236 million yuan order; Unbounded Power completed a funding of over 200 million USD. Zhengxing Innovation completed a Series A financing of nearly a hundred million USD, Kunlunxing completed three rounds of financing within 90 days, with a total financing amount reaching tens of billions; Unbounded Power completed a Series A financing of over 200 million USD; successfully listed on the Hong Kong Stock Exchange, becoming the first stock of the Hong Kong stock market "Siasun Robot&Automation brain"; Xinja Transmission's GEM IPO application was accepted, and the capitalization process of Siasun Robot&Automation's core component enterprises continues to advance. Risk Warning: Technological progress is slower than expected, and commercialization implementation speed is lower than expected.