Core Viewpoint - Youjia Innovation has made significant advancements in its L4 autonomous vehicle business by launching two unmanned logistics vehicle products, T5 and T8, expanding its operations from passenger transport to cargo transport [1][2]. Group 1: Product Launch - Youjia Innovation has officially launched its unmanned logistics brand "Xiaozhu Unmanned Vehicle" along with two products, T5 and T8, marking its entry into the unmanned logistics sector [1]. - The T5 vehicle features a cargo space of 5.5m³, a maximum load of 1000kg, and a range of 180km, targeting segments such as express delivery, retail, and fresh food distribution [1]. - The T8 vehicle offers a volume of 8.5m³, a maximum load of 1700kg, and a range of 240km, suitable for urban distribution and industrial logistics, including specialized applications in mining and ports [1]. Group 2: Delivery Expectations - The Xiaozhu unmanned vehicles will be offered through direct sales, leasing, and customized solutions to meet diverse customer needs [2]. - It is anticipated that 10,000 units of unmanned logistics vehicles will be delivered in 2026, with large-scale operations planned in key cities such as Shenzhen, Chengdu, Xi'an, and Jiangyin [2]. Group 3: Regulatory Environment - The Ministry of Industry and Information Technology has released a draft for mandatory national standards on intelligent connected vehicles, which will clarify technical requirements and testing specifications for L2 systems [3]. - This new standard aims to curb industry chaos, delineate the boundaries between assisted driving and autonomous driving, and encourage companies to increase R&D investment, thereby enhancing industry safety standards [3]. - As a provider of intelligent driving solutions, Youjia Innovation is expected to receive more orders due to the positive impact of these regulations [3].
国证国际：佑驾创新(02431)无人车产品落地 L4业务实现关键突破 维持目标价31.4港元及买入评级