【希迪智驾（3881.HK）】深耕“矿”野无人境，智启商用车新征程——投资价值分析报告（付天姿/倪昱婧/邢萍）

Core Viewpoint - The article discusses the growth potential and competitive advantages of Xidi Zhijia, a provider of autonomous driving technology for commercial vehicles, particularly in the mining and logistics sectors, as it enters a phase of scale expansion [4][5]. Group 1: Market Potential - The market size for autonomous mining truck solutions in China is projected to reach 1.9 billion yuan in 2024, with a total potential market size of 550 billion yuan. By 2030, the market size is expected to grow to 39.6 billion yuan, reflecting a CAGR of 65.3% from 2024 to 2030 [5]. - As the demand for intelligent mining solutions increases and technology matures, the penetration rate of autonomous mining trucks in mining transportation is expected to rise, leading to further market growth and commercialization [5]. Group 2: Competitive Advantages - Xidi Zhijia possesses core advantages in technology, scene adaptation, and commercialization: 1. Technological differentiation: The company supports large-scale mixed fleet operations with superior obstacle perception and positioning accuracy compared to competitors [6]. 2. Strong scene integration capability: Xidi Zhijia has six core functions covering the entire process, enhancing its integrated adaptation ability [6]. 3. Rapid commercialization: The company adopts a pure product sales model, enabling quick conversion of technology into commercial results, which is expected to further solidify its competitive edge and expand its market presence [6].