The author highlights Schaeffler ($SHA0) as a key automotive player with significant human
The author highlights Schaeffler ($SHA0) as a key automotive player with significant humanoid robotics exposure, working with 45 humanoid companies and potentially covering 50% of a humanoid's BOM. However, revenue from humanoids is projected to be only a few hundred million by 2030, which is sandbagged. Nabtesco (6268) is also mentioned for joints, but the overall sector is seen as undervalued due to auto drag, with catalysts from humanoids and AI auto expected after 2027.
“Yup, Schaeffler $SHA0 is the ideal example for automotive players. ~ €7.47B MC auto player. - but also working with 45 humanoid players (extremely insane number, they do have €5.14b debt, EV is higher) - covers bearings, gearboxes, sensors/ECUs, actuators, power electronics. -ests. They can be roughly 50% BOM of a humanoid - targeting 10% market share of that. But only projecting a few hundred million revenue by 2030 (extremely sandbagged) if we’re using Elon’s projections for the market. Then’s theres auto players like Nabtesco (6268) for joints. And then Sanhua in China for $TSLA Optimus. Many of them are trade at lower valuations from drag from auto. But humanoids + AI Auto (TSM chairman cited this as a growth vector) should be a good catalyst past 2027 for automotive players. IMO there just needs to be a ChatGPT/Anthropic breakout downstream leader first for humanoids. That brings up the entire ecosystem that has robotics exposure. But as of now it’s probably like 1% of many of their overall revenue figures, and markets are focusing on immediate upside from bottlenecks like memory or MLCC. I’m sure we’ll see some random Toto-HBM type surprise as different humanoid architecture evolve.”Original post：X / @aleabitoreddit ↗