Analysts Back Shuanghuan With 60 Yuan Target as Tesla Robot Gearbox Work Enters 3rd Year
Updated
Updated · CNBC · Aug 30
Analysts Back Shuanghuan With 60 Yuan Target as Tesla Robot Gearbox Work Enters 3rd Year
3 articles · Updated · CNBC · Aug 30
Summary
Deutsche Bank, Bernstein and UBS all rated Shuanghuan buy or outperform, with price targets ranging from 45 yuan to 60 yuan.
The bullish view rests on Shuanghuan's three-year co-development with Tesla of reducers for humanoid robots, which Deutsche Bank said could be used in waist joints.
Fine Motion—Shuanghuan's robotics gearbox unit slated for an IPO—generated about 5% of the parent's 2025 revenue and net profit, while Shuanghuan plans to retain control.
Analysts said the company could also benefit as Chinese automakers such as Xpeng and Xiaomi push into humanoids, leveraging supplier overlap with the EV industry.
Bernstein added that U.S.-China robotics decoupling may still favor Shuanghuan because U.S. buyers want lower-cost mechanical parts with relatively lower regulatory risk.