实时全球研报
China Humanoid Robots: US FCC to Ban Foreign-Made Humanoid and Quadruped Robots in the US
研报英文原文证据摘录
China Humanoid Robots: US FCC to Ban Foreign-Made Humanoid and Quadruped Robots in the US
Flash |
29 Jul 2026 05:41:53 ET │ 9 pages
China Humanoid Robots
US FCC to Ban Foreign-Made Humanoid and Quadruped Robots in the
US
CITI'S TAKE
On 28 July, the US Federal Communications Commission (FCC) added
advanced robotic devices, including humanoids and quadrupeds, to
its Covered List, meaning that foreign-made advanced robotic devices will Jamie WangAC
be banned from being imported into the US due to national security +852-2501-2772
concerns (link). Given China’s well-established robotic industry, and US- jamie.ck.wang@citi.com
China trade and political disputes, we view the development as Eric Lau
particularly relevant for Chinese companies. Chinese robotic makers with +852-2501-2726
high exposure to US customers are likely to bear the brunt. However, we eric.h.lau@citi.com
believe this could potentially benefit Chinese component makers that are
already in the supply chain of US humanoid robot companies, such as
Hengli Hydraulic (601100.SS) and Leader Drive (688017.SS), since this ban
suggests that US robotic companies should gain more market share in the
US market. In this note, we list key Chinese component makers that
supply to leading humanoid robot companies.
Our view on geopolitical risks – We believe Chinese humanoid robot makers would
be impacted more by the geopolitical risk (e.g., restrictions or sanctions) than robot
component markets, as humanoid robots are often equipped with sensors that
collect and maintain sensitive data on their surroundings. Chinese humanoid robot
component makers, on the other hand, should face lower or limited geopolitical risk
as many of them, especially those in the Tesla Optimus supply chain, have moved
本摘录由系统从所标注的 PDF 证据页直接提取并保留英文原文，不做批量翻译；登录后在阅读器切换中文时才按需翻译。
打开研报阅读器