Chinese Robot Stocks Rally as Musk Predicts Global Humanoid Fleet Will Hit 1 Billion in 10 Years

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3▲3 ▼0Impact / 5
Summary · why it matters

Chinese robot-sector stocks rose today, September 24, after Elon Musk, chief executive of Tesla, predicted that the number of humanoid robots worldwide will reach at least 1 billion within 10 years. In an interview with China Media Group, Musk said humanoid robot production is expected to surge in the coming years and that the number of such robots could reach as many as 10 billion within 15 years. The boost lifted shares of robot component makers including Ningbo Joyson Electronic, Ningbo Tuopu Group and Zhejiang Sanhua Intelligent Controls by between 1% and 8%. The sector is also closely tied to Optimus, Tesla's humanoid robot. Last week, Chinese robot stocks jumped after local media reported that Tesla had begun a new round of production-process audits across the Optimus supply chain. The gains were limited, however, as rising global bond yields weighed on technology stocks broadly.

Impact on assets 4

Electrification & Mobility▲
Tesla Inc
TSLA
± Mixedrelevance

Musk's humanoid robot forecast is about Tesla's Optimus, but the article reports no new Tesla-specific development, only his prediction.

Others▲
Zhejiang Sanhua Co Ltd
002050
▲ PositiveDemandrelevance

Shares rose as part of the robot-sector rally tied to Musk's humanoid robot forecast and Optimus supply-chain interest.

Ningbo Joyson Electronic Corp
600699
▲ PositiveDemandrelevance

Shares rose as part of the robot-sector rally tied to Musk's humanoid robot forecast and Optimus supply-chain interest.

Ningbo Tuopu Group Co Ltd
601689
▲ PositiveDemandrelevance

Shares rose as part of the robot-sector rally tied to Musk's humanoid robot forecast and Optimus supply-chain interest.