【CITIC Securities Auto/Battery】BYD Robot Information Summary

English summary

Zhengzhou Di Space publicly stated that in early August a 'new friend' will meet everyone, without disclosing parameters and other details, but posted a picture of a robot. #We judge it may be the first appearance of BYD robot, and the location is Zhengzhou Di Space. We have integrated and sorted out the company's outlook and layout in the robot field as follows: #Market space: Looking at industrial production, home, and 4S store scenarios. The company judges that China may be the first place in the world to commercialize robots. From industrial and 4S store perspectives, BYD itself is also the largest robot customer. -Home: In the future, each family may have 3 robots, responsible for cleaning, cooking, walking and chatting. -Industrial: Used in automobile production lines. Currently the company is already applying, and the company is also focusing on industrial robots. -4S sales stores: For example, Europe may be difficult to recruit salespeople, so robots can be deployed as shopping guides. #BYD's advantage is a complete ecosystem: strong manufacturing capability + intelligence + marketing network + largest application scenarios. Currently Chinese robots have developed limbs, American robots have developed brains. In the future, the company aims to make robots with both developed brains and limbs. Currently public ...