Understanding the Market | SANHUA surged over 10% in the afternoon as rumors suggest the company received a large order of 5 billion from Tesla for robots
SANHUA surged over 10% in the afternoon, as of the time of publication, up 10.52%, trading at HKD 38.66, with a transaction volume of HKD 1.058 billion. On the news front, there are rumors in the market today that Tesla has placed a large order exceeding 5 billion yuan with SANHUA, primarily procuring its linear joint products. This component, as the "key joint" for the Optimus humanoid robot to achieve precise bending and stretching movements, will be directly used in Tesla's mass production plan for this robot. Galaxy Securities previously pointed out that the company is deeply bound to Tesla and is the main supplier of its humanoid robot actuator assembly. As Tesla's robot gradually achieves mass production, the company's related business revenue is expected to grow rapidly
According to the Zhitong Finance APP, SANHUA (02050) surged over 10% in the afternoon, with a rise of 10.52% to HKD 38.66 as of the time of writing, with a transaction volume of HKD 1.058 billion.
On the news front, there are rumors in the market today that Tesla has placed a large order exceeding 5 billion yuan with SANHUA, primarily procuring its linear joint products. This component serves as the "key joint" for the Optimus humanoid robot to achieve precise bending and stretching movements and will be directly used in Tesla's mass production plan for this robot. Galaxy Securities previously pointed out that the company is deeply tied to Tesla and is the main supplier of its humanoid robot actuator assembly. As Tesla's robot gradually achieves mass production, the company's related business revenue is expected to grow rapidly
