China Humanoid Robots: What We Heard About the Latest Updates on a Leading US Humanoid Robot Maker?

Our supply chain checks in China indicate that 1) the leading US humanoid robot maker may ramp weekly humanoid robot production almost 10x to ~1,500 units in Oct 2026, 2) weekly production could further increase to 2,000-2,500 by the end of 4Q26 or early 1Q27, and 3) weekly production would reach 8,000 units by the end of 2027, while 2027 annual production volume estimate is unchanged, at around 100k-200k. In addition, this US humanoid robot maker may host 1-2 new product launch events in the coming months. We see positive implications for relevant humanoid robot component suppliers Hengli Hydraulic (601100.SS; planetary roller screws + linear guides), Shuanghuan Drive (002472.SZ; reducers for waist and hip joint), and Leader Drive (688017.SS;