HXGBY

Hexagon AB (ADR)

research_scan theme='robotics-humanoids'; value_chain_position='pure-play'; Hexagon Robotics AEON is BMW's chosen humanoid platform at Leipzig (test Dec 2025, further test Apr 2026, pilot summer 2026). Distinct from Figure at BMW Spartanburg — flagship customer running multi-vendor architecture signals OEM race not yet won; bullish for platform-agnostic picks-and-shovels (TEL, BESI). Summer 2026 pilot announcement has not yet landed as of 2026-06-20; tracking for Q3 disclosure.