China Is Positioning Humanoid Robots as Its Next Industrial Revolution

Morgan Stanley's From Electric Vehicles to Humanoids examines how China is leveraging its manufacturing ecosystem, AI investment and industrial policy to build a leadership position in humanoid robotics following its success in electric vehicles. 

• China already accounts for more than 90% of global humanoid robot production, with government policy targeting deployment across more than 100 industrial use cases and 10,000-unit commercial installations by the end of 2026.
• The report argues China's competitive advantage lies in hardware manufacturing, supply chains and scale, while the U.S. retains leadership in AI models, software and robotics intelligence.
• Morgan Stanley estimates the global humanoid market could reach $7.5 trillion in annual revenue by 2050, although commercial winners are unlikely to emerge until large-scale deployment proves economically viable.

Read the full report for a deeper analysis of China's humanoid robotics ecosystem and the investment opportunities emerging across the supply chain.