Robotics Morgan Stanley's May 7 China Humanoid Survey: 150 Companies, 14,000 Units in 2025, 23% Buyer Satisfaction — and a 「Critical-Year Shake-out」 Already Telegraphed for 2026
On May 7 Morgan Stanley published its China humanoid-robot industry survey: 150+ vendors, 14,000 units delivered in 2025, 62% intent-to-adopt within 3 years, but only 23% buyer satisfaction and a 200,000-RMB (~$28k) price ceiling 92% of buyers say must crack before mass adoption.