RoboX（2）：下一万亿级应用赛道

Investment Rating - The report maintains an "Outperform" rating for the industry, indicating that the industry index is expected to outperform the market benchmark in the next six months [5]. Core Insights - The emergence of Robotaxi as a trillion-dollar opportunity is highlighted, with significant investments from major players like Haier, Ant Group, and CATL, who have collectively invested over 3 billion yuan in developing L4 autonomous driving technology [2]. - The report notes a rapid decrease in the costs associated with autonomous vehicles, exemplified by a new delivery vehicle priced at 16,800 yuan, making L4 level autonomous delivery feasible [3]. - The commercial rollout of Robotaxi services is accelerating, with Tesla launching its Robotaxi service in Austin, featuring 35 Model Y vehicles operating from 6 AM to 12 AM, and Waymo expanding its fleet to over 1,500 vehicles across multiple cities [4]. Summary by Sections Industry Developments - Major companies are entering the Robotaxi space, with significant collaborations and investments aimed at advancing autonomous driving technology and commercial applications [2]. - The report mentions various partnerships, such as the collaboration between WeRide, Dubai's RTA, and Uber to deploy commercial Robotaxi services in Dubai [2]. Cost Reduction and Operational Efficiency - The report emphasizes the declining costs of autonomous vehicles, with new models being offered at competitive prices, thus enhancing the feasibility of their deployment in logistics and delivery [3]. - The operational efficiency of Robotaxi services is projected to be high, with potential profit margins reaching 70%-80%, significantly higher than traditional automotive business models [4]. Market Potential and Related Companies - The report identifies several companies involved in the Robotaxi and related sectors, including Kele Co., Wanma Technology, and others, although it notes that these companies have not yet been covered by research reports [4].