摩根士丹利上调中国人形机器人出货预测至5万台

Morgan Stanley now expects China to ship 50,000 humanoid robots this year, almost 2x its January forecast.

China’s edge is scale, because firms such as Xpeng, Unitree, UBTech, and Galbot can place robots inside factories, showrooms, warehouses, hospitals, and state-backed training sites to collect real task data.

Morgan Stanley now sees China reaching 446,000 annual shipments by 2030, up from 262,000, with full-sized humanoids rising from 30% of shipments this year to 70% in 2028.

Xpeng plans to mass-produce its Iron robot by end-2026 and Unitree says it shipped more than 5,500 humanoids in 2025.

scmp. com/tech/article/3358210/morgan-stanley-raises-china-humanoid-robot-shipment-forecast-50000-units