CITIC Securities: Commercialization of embodied intelligence accelerates. The market potential of "AI+ sports" and "AI+ security" is relatively large.

In the report by Citic Securities, it is claimed that the commercialization of embodied intelligence is accelerating, mainly focusing on sports and security inspection scenes, where robots and robot dogs can solve their difficulties and pain points. The tennis robot Acemate and golf caddy robot Navee from WowWee Robotics, as well as security inspection robots jointed by Taotao Vehicle with Yushu and Kangdi Vehicle with Yunchenchu, indicate that the market potential for "AI + sports" and "AI + security" is significant. Meanwhile, companies in the smart travel sector have the potential to expand into leisure sports and security inspection scenes, utilizing their understanding of demand, production capabilities, and sales channels.