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国证国际:佑驾创新无人车产品落地 L4业务实现关键突破 维持目标价31.4港元及买入评级
Zhi Tong Cai Jing· 2025-09-25 03:12
Group 1 - The core viewpoint is that Youjia Innovation (02431) has made significant breakthroughs in its L4 autonomous vehicle business by launching two unmanned logistics vehicle products, T5 and T8, expanding its operations from passenger transport to cargo scenarios [1][2] - The newly launched unmanned logistics brand "Xiaozhu Unmanned Vehicle" includes T5 and T8, which feature 100% automotive-grade core components and a multi-sensor fusion approach, enabling 360° blind-spot-free vision and precise road condition recognition [2] - T5 has a cargo space of 5.5m, a maximum load of 1000kg, and a range of 180km, while T8 offers a volume of 8.5m, a maximum load of 1700kg, and a range of 240km, catering to various logistics needs [2] Group 2 - The company plans to deliver 10,000 unmanned logistics vehicles by 2026, utilizing direct sales, leasing, and customized solutions to meet diverse customer demands in key cities such as Shenzhen, Chengdu, Xi'an, and Jiangyin [3] - A new national standard for intelligent connected vehicles was proposed, which clarifies technical requirements and testing specifications for L2 systems, potentially benefiting Youjia Innovation by increasing order opportunities as a smart driving solution provider [4]