新石器余恩源：中国无人物流车没有对手，是真的遥遥领先

Core Insights - The article highlights the explosive growth of the unmanned logistics vehicle industry in China, with significant increases in production and sales expected in the coming years [1][5][9]. Industry Overview - The unmanned logistics vehicle industry in China is experiencing a surge, with a total delivery of 12,000 units in the first half of 2025, nearly double the total for 2024 [5]. - The market demand for unmanned logistics vehicles is projected to reach 40,000 units in 2026, which is 4-5 times the total sales over the past decade [1][5]. Company Developments - New entrants, including traditional automotive companies, are increasingly inquiring about supply chain solutions, indicating a growing interest in the unmanned logistics sector [6]. - Companies like WeRide, JD.com, and Desay SV are launching new unmanned logistics vehicles, contributing to the competitive landscape [6][9]. Sales and Production Capacity - New Stone Technology's monthly sales have reached over 2,000 units, matching the total sales of the previous two years [1][9]. - The production capacity is being rapidly expanded, with new lines capable of producing over 10,000 units per month [9]. Technological Advancements - The growth of the industry is attributed to advancements in AI technology, which have matured significantly since 2021, facilitating commercial viability [14][15]. - The cost of delivery using unmanned vehicles has decreased significantly, with per-package costs dropping to below 0.04 yuan, representing a 50% reduction [15][17]. Market Dynamics - The Chinese unmanned logistics vehicle market is expected to reach a scale of 500 billion yuan by 2030, with a focus on urban delivery vehicles [23]. - The industry faces challenges such as inconsistent standards across cities, operational system limitations, and data security concerns [23]. Competitive Landscape - The entry of new players is intensifying competition, but established companies believe that competition will lead to a more mature industry [24]. - The focus of competition is shifting from price wars to providing transportation services, indicating a shift in business models within the industry [24].