CITIC Securities says 2026 could be a breakout year for vertical applications of
humanoid robots as rising robot generalization enables industrial and commercial
deployments. The report calls physical AI the next wave of AI and identifies
robots as a primary physical carrier. It highlights Tesla’s Optimus approaching
mass production, with supply‑chain volume guidance becoming clearer and the ramp
progressively validated; upcoming V3 product releases and mass‑production
progress warrant close monitoring. Ongoing IPOs of domestic robot makers may
trigger a hardware valuation re-rating; the firm expects continued sector
catalysts over the next quarter and recommends focusing on high‑quality segments
of the value chain.
