Prnewswire·2024-05-09 11:51Core Insights - Inceptio Technology has achieved a significant milestone by surpassing 100 million kilometers in safe commercial operations of its autonomous heavy-duty trucks, reinforcing its leadership in the commercialization of autonomous trucks [1][2] - The company's autonomous driving system has been successfully deployed across various sectors of line-haul logistics, including express delivery and contract logistics, demonstrating the value it offers to logistics operators [1][5] Group 1: Commercialization and Adoption - Inceptio-powered trucks reached 50 million kilometers of safe commercial operations in August 2023 and quickly surpassed 100 million kilometers by April 2024 [2] - The autonomous driving system covers 83% of China's national highways, connecting seven major economic zones, indicating extensive operational reach [2] - A total of 1,864 drivers have safely operated Inceptio-powered L3 and L2+ trucks during the 100 million kilometers [2] Group 2: Customer Base and Partnerships - Current customers include leading logistics companies in China such as ZTO Express, YTO Express, and JD Logistics, showcasing a strong market presence [3] - Inceptio has partnered with major truck manufacturers like Dongfeng and Sinotruk to pre-load trucks with its autonomous driving system, expanding its operational fleet [4] Group 3: Operational Efficiency and Cost Savings - The use of Inceptio's autonomous trucks has allowed express delivery companies to reduce the number of drivers per truck from two to one on routes of 500 to 1,200 kilometers, resulting in a 40% to 50% reduction in labor costs [6] - Contract logistics companies have reported a decrease in driver-to-truck ratios and a reduction in fuel consumption by 3-5 liters per 100 kilometers, leading to a 7-15% decrease in total cost of ownership per kilometer [7] - Individual operators have experienced increases of 10-20% in monthly kilometers per truck and additional monthly net income due to improved safety and driving comfort [8] Group 4: Technological Advancements - Inceptio leverages a data-driven R&D system to enhance its autonomous driving technology, focusing on real-world data to refine its T-NOA algorithm [9] - The company's CEO highlighted the rapid progress in commercialization and the profound impact of its technology on the logistics industry, emphasizing a user-driven approach to innovation [10] Group 5: Company Overview - Inceptio Technology is a leading developer of autonomous driving technologies for heavy-duty trucks, having launched the first mass-produced L3 autonomous trucks in China in late 2021 [11] - The company aims to develop fully driverless trucks and was the first in China to receive a public road-testing permit for such vehicles [11]