Core Insights - The 2025 Shenzhen Logistics and Supply Chain Expo highlighted the emergence of unmanned logistics vehicles, with three leading companies—JiuShi, New Stone, and White Rhino—making their debut at the event [1] - Unmanned logistics vehicles are primarily being applied in the express delivery sector, with companies like ZTO Express, YTO Express, Shentong Express, and Yunda Express accelerating their adoption [1] - JiuShi has deployed over 2,000 unmanned vehicles across more than 200 cities and 700 outlets, while Shentong Express plans to utilize 2,000 vehicles by the end of the year [1] Company Developments - JiuShi's customer base has shifted, with express delivery clients now accounting for only 50% of its clientele, as the company diversifies into other sectors [2] - New Stone also reports a decrease in express delivery clients to 60%, aiming for at least 50% of its applications to be in non-express sectors to achieve diversified revenue [3] - White Rhino is expanding its applications beyond express delivery to include retail, fresh food delivery, on-demand medicine delivery, campus takeout, industrial logistics, cold chain transport, security patrols, and park distribution [1] Technological Advancements - Companies are focusing their R&D efforts on developing mapping solutions, with JiuShi implementing a new L4+ technology that utilizes light mapping to enhance delivery efficiency [5] - New Stone plans to continuously iterate its end-to-end autonomous driving model and aims to implement a no-map technology solution in the second half of the year [5] - White Rhino is adopting a light asset development approach, concentrating on the R&D of vehicle-grade unmanned vehicle products, AI technology iteration, and expanding commercial applications [5] Production Capacity - New Stone announced the delivery of its 10,000th unmanned vehicle, with plans to deploy 4,000 to 5,000 vehicles in non-express scenarios by the end of the year, primarily for real-time logistics scheduling [5] - JiuShi is expanding its production lines across various regions, including North China, East China, and Southwest China, focusing on delivery production costs and efficiency [5]