近期，佑驾创新无人物流车的规模化落地迎来新进展，公司宣布与玛斯特公司达成业务合作，敲定500 台小竹T5无人物流车订单。近日，佑驾创新董事长刘国清接受中国证券报记者采访时表示，市场对无 人物流车的需求和认可度持续攀升，公司看好无人物流车发展前景，行业即将迎来爆发期。 11月下旬，佑驾创新宣布与新吉奥汽车、必应货滴签署战略合作协议，将共同完成800台符合车规级标 准、具备市场竞争力的无人物流车设计、生产与交付。 从订单节奏以及落地城市来看，小竹无人车已开始走向全国市场。国证国际研报称，佑驾创新的L4级 无人驾驶汽车业务已有突破，从无人巴士到无人物流车，将自动驾驶技术从载人场景逐步复制到载货场 景，完成业务拓展。 展望"十五五"，佑驾创新表示，公司将持续迭代技术，拓宽应用边界，携手更多生态伙伴推动自动驾驶 技术深度落地。 接连斩获新订单 2025年9月，佑驾创新发布无人物流车品牌小竹无人车，为行业带来全新的车规级无人物流车产品选 择。小竹无人车首发的两款车型中，T5车型主要服务于快递城配、商超零售、生鲜配送等细分场景； T8车型可广泛应用于城配与工业物流，并可深入矿区与港口等更多专业场景。 刘国清将小竹无人车最初 ...

Group 1 - The core point of the news is that Youjia Innovation has secured a significant order of 500 Xiaozhu T5 unmanned logistics vehicles in collaboration with Shanghai Master New Energy Technology Co., marking a crucial step in the commercialization of unmanned logistics vehicles [1][2] - The first batch of 100 vehicles is scheduled for delivery in January 2026, and the partnership aims to implement the T5 unmanned logistics vehicles in various scenarios such as warehousing and last-mile delivery in Anhui [1] - The Xiaozhu T5 model features advanced autonomous driving systems, a cargo volume of 5.5 cubic meters, a maximum load of 1,000 kilograms, and a range of 180 kilometers, making it suitable for urban short-distance logistics [1] Group 2 - Youjia Innovation has made rapid progress in the commercialization of unmanned vehicles, having achieved several milestones since the launch of the Xiaozhu unmanned vehicle in September, including participation in a trial run in Shenzhen and securing additional orders [2] - The 500-unit order represents a significant milestone for Youjia Innovation's L4 autonomous driving business and serves as a model for the scalable development of the unmanned logistics industry [2] - Looking ahead, Youjia Innovation plans to increase investment in technology iteration and research and development for unmanned logistics vehicles, aiming to expand technical applications and innovate business models in collaboration with more ecosystem partners [2]

Core Insights - Youjia Innovation (02431) has announced a significant business collaboration with Shanghai Master New Energy Technology Co., Ltd., securing an order for 500 units of the Xiaozhu T5 unmanned logistics vehicle, with the first 100 units set for delivery in January 2026 [1][2] - This large-scale order marks a critical step in Youjia Innovation's commercialization process for unmanned logistics vehicles [1] Summary by Sections Business Collaboration - The partnership aims to promote the initial deployment of the T5 unmanned logistics vehicles in Anhui, focusing on various scenarios such as warehousing transfer and last-mile delivery [1] - Youjia Innovation will develop a smart logistics service loop tailored to customer needs, establish a professional operations team with Master, and provide training for technical operations and service standards [1] Product Details - The Xiaozhu T5 is the core model of this collaboration, featuring an advanced autonomous driving system capable of stable operation in complex road conditions and adverse weather [1] - The vehicle has a cargo box volume of 5.5m, a maximum load capacity of 1,000 kg, and a range of 180 km, making it suitable for high-frequency urban short-distance logistics needs [1] Industry Progress - Youjia Innovation has made rapid advancements in the commercialization of unmanned vehicles, having launched the Xiaozhu unmanned vehicle in September and subsequently achieving several milestones, including a trial run in Shenzhen and securing additional orders [2] - The 500-unit order represents a significant milestone for Youjia Innovation's L4 autonomous driving business and serves as a model for the scalable development of the unmanned logistics industry [2] - Looking ahead, Youjia Innovation plans to increase investment in technology iteration and research for unmanned logistics vehicles, collaborating with more ecosystem partners to expand technological applications and innovate business models [2]

Core Viewpoint - Youjia Innovation's Xiaozhu unmanned logistics vehicle has established a clear path for large-scale deployment and steady expansion, as evidenced by recent orders and partnerships [2][4]. Group 1: Business Partnerships and Orders - Youjia Innovation has signed a business cooperation agreement with Master New Energy Technology, securing an order for 500 Xiaozhu T5 unmanned logistics vehicles, with the first 100 units set for delivery in January 2026 [2]. - The partnership aims to implement the first phase of T5 unmanned logistics in Anhui, covering various scenarios such as warehousing and last-mile delivery [2]. - In November, Youjia Innovation received an additional order for 100 unmanned logistics vehicles, deepening collaboration with Hunan Xiangjiang Intelligent [8]. Group 2: Product Features and Market Adaptation - The Xiaozhu T5 features a scientifically designed cargo space with a volume of 5.5m³ and a maximum load capacity of 1000kg, catering to short-distance urban delivery needs [3]. - The vehicle boasts a maximum range of 180km, effectively reducing operational costs and refueling frequency for logistics companies [3]. - The Xiaozhu unmanned vehicle has been successfully tested in Shenzhen's Huaqiangbei area, demonstrating its commercial adaptability and addressing local logistics challenges [6]. Group 3: Strategic Expansion and Future Outlook - The entry into Anhui marks a significant strategic extension for Youjia Innovation's L4 autonomous driving business, expanding its market reach [9]. - The company is committed to increasing investment in technology iteration and research for unmanned logistics vehicles, aiming to innovate business models and expand application boundaries [10]. - Youjia Innovation is building a diversified industry cooperation ecosystem, collaborating with major players like China Post and Shenzhen Eastern Bus to enhance urban logistics and public services [9].

Core Insights - Youjia Innovation (2431.HK) has established a business partnership with Shanghai Master New Energy Technology Co., Ltd. to deliver 500 units of the Xiaozhu T5 unmanned logistics vehicle, with the first 100 units set for delivery in January 2026 [1] - The collaboration aims to implement the T5 unmanned logistics vehicle in Anhui, focusing on various scenarios such as warehousing and last-mile delivery, while also developing a customized smart logistics service loop [1] - The Xiaozhu T5 vehicle is designed for stable and reliable autonomous driving operations, even in complex and adverse weather conditions, ensuring safety and timeliness in logistics transportation [1] Summary by Sections Business Cooperation - The partnership with Master will enhance the deployment of unmanned logistics vehicles, with a focus on optimizing operational processes and training personnel [1] - The Xiaozhu T5 vehicle features a cargo space of 5.5m³, a maximum load of 1000kg, and a range of 180km, catering to urban delivery needs and reducing operational costs for logistics companies [1] Market Expansion - Since its launch in September, the Xiaozhu unmanned vehicle has shown a clear path for scaling and expansion, with significant orders and collaborations [2] - In October, the vehicle was introduced in Shenzhen's Huaqiangbei area, providing intelligent delivery services and addressing local logistics challenges [2] - In November, the company secured an additional order for 100 unmanned logistics vehicles, deepening collaboration with Hunan Xiangjiang Intelligent [2] Strategic Development - The entry into Anhui represents a strategic extension of the company's L4 autonomous driving business, aiming to provide efficient logistics services and serve as a replicable model for the unmanned logistics industry [3] - The company plans to increase investment in technology iteration and research for unmanned logistics vehicles, while expanding partnerships to innovate business models and applications [3]