Constituents  ›  Moons' Industries

Moons' Industries鸣志电器

603728.SH Components & actuators
Index weight
1.48%
Rank #23 of 41
Market cap
$3.7B
USD, live
PAI exposure
75%
Revenue from Physical AI
HQ
Shanghai
Founded 1994
Valuation
$3.7B · market cap
via Yahoo Finance · 2026-06-24

About

Core coreless motor supplier for the dexterous hand industry. Self-wound motor technology achieves ¥1,200-2,300/unit vs. foreign ¥4,000+, enabling massive cost reduction downstream.

Shanghai, Shanghai · Founded 1994 · Company website

Why in the Index

Stepper, servo, and brushless motors for industrial automation. Humanoid joint actuator development.

PAI exposure of 75% reflects the share of trailing-twelve-month revenue attributed to Physical AI activities. See methodology §4 for inclusion criteria and §6 for how PAI exposure scales the weight.

Key Physical AI activities

  • Coreless Motors · Component · 2024Self-wound technology, ¥1,200-2,300/unit — 30-40% below foreign competitors

Competitive position

Does not make complete hands — positioned as a critical upstream component supplier. A 'behind-the-scenes champion' enabling Chinese cost advantage in dexterous hands. Self-winding technology is core differentiator. Taicang production base operational. Vietnam factory planned (400K units). Control motor modules for hand/finger grippers. Capacity relocation completed mid-2023.

Recent activity

No events tracked yet — this company is monitored daily.

Disclaimer

This profile is part of the China Physical AI Index — a public information product published by Tech Buzz China for informational and educational purposes only. It is not investment advice and is not a recommendation regarding Moons' Industries or any other security. Company data is based on public filings and TBC research; revenue-exposure estimates are point-in-time and subject to update. See the full methodology §11 and disclaimer page.