$UBTECH ROBOTICS(09880.HK) The pullback of Ubtech in the past two days was even more severe than that of XPeng, which had a bomb. It is estimated that a large amount of mainland capital was scared shitless by Li Auto's plan to enter the humanoid robot market. This is also the sixth domestic automaker to launch a humanoid robot product after Xiaomi, XPeng, Chery, GAC, and Dongfeng. It's too hard to change market bias. No matter how Ubtech tries to prove itself, many institutions still believe that Ubtech is inferior to Unitree and Zhiyuan, and it is destined to be crushed by big players like Alibaba, Tencent, Huawei, and new automakers. Don't think that new automakers have a natural advantage in humanoid robots just because Zhongqing Robotics, which originated from XPeng, is thriving. Believe it or not, within a year, the market will realize that humanoid robots are much harder to make than cars.