JPM | BEST OF BRITISH - Diageo Day, RELX Harvey Al initiation & Humanoid Robots to the rescue...Plus Rentokil, Smiths & Kingfisher

研报英文原文证据摘录

JPM | BEST OF BRITISH - Diageo Day, RELX Harvey Al initiation & Humanoid Robots to the rescue...Plus Rentokil, Smiths & Kingfisher

Ben Watson - UK Specialist Sales AC (44-20) 7134-1308 Europe Specialist Sales J P M O R G A Nben.watson@jpmorgan.com

J.P. Morgan Securities plc 02 August 2026

The Global Auto sector embraces the Humanoid space globally through the entire value chain ranging from part

suppliers, to manufacturing of Humanoids as well as integrating Humanoids in the manufacturing process. In this note,

we identify by region within our coverage some of the companies most likely to benefit from the Humanoid megatrend.

The European Automotive landscape has a longstanding tradition of automotive suppliers and OEMs which are naturally very

interested in participating in the Humanoid end market. The opportunity is not only from the perspective of supplying components

or manufacturing Humanoids but also integrating Humanoids in the manufacturing or supply chain to reduce labour cost in high

labor cost countries. We see the following suppliers: Valeo, Schaeffler, Forvia, Aumovio, and Bosch with exposure to the

humanoid space, whether through manufacturing investments, supplying key components, or early-stage partnerships. This

positions them to potentially benefit as the humanoid robotics ecosystem evolves within the automotive sector. On the OEM side,

notably Renault, Mercedes-Benz, BMW, Audi, Volvo Cars, and Porsche are actively collaborating with robotics companies

including Wandercraft, Apptronik, Hexagon Robotics, Figure AI, Mimic Robotics, and Neura Robotics. These engagements

highlight the industry’s growing commitment to integrating humanoid and advanced robotics technologies into both production

and broader industrial application