对200多名员工来说，毫末智行停工犹如晴天霹雳。 "天气太冷了。"一位毫末智行员工感叹。 他是少数坚持来上班的员工之一。11月24日，周一工作日，《21CBR》记者来到北京海淀区的毫末智行总部，中午饭点时间，十分钟内，仅6名人员出 入。 毫末成立于2019年11月，是一家智能驾驶创业公司。其股东阵容豪华，包括长城汽车、高瓴、美团等机构，共融资7次，累计金额超过16亿元。 巅峰时期，其跻身独角兽之列，进入《2024年胡润全球独角兽榜》，估值达到78亿元人民币。 11月22日，员工突然在内部群收到"停工"通知。而前一日，大家正常上班，管理层没有透露半点风声。 李纯比较幸运，已经离开毫末，并找到新工作。听闻"停工"消息，其咨询在职前同事，对方疑惑："何时复工？这算正式解散吗？'通知'模棱两可。" 业务停摆，有迹可循。 该员工告诉记者，已收到停工通知。毫末智行一纸文件称，自24日起，全部在职员工停工放假，复工时间另行告知。 《21CBR》记者了解到，其每月25日左右，发上个月工资，截至发稿，毫末智行员工尚未收到10月薪酬，且"没有离职赔偿方案"。 冷风中，这家智能驾驶企业的员工，无所适从，只能焦急等待善后方案。 突然 ...

Investment Rating - The report rates the smart logistics vehicle industry with a compound annual growth rate (CAGR) of 74.76% from 2025 to 2030, with the market size expected to grow from 0.511 billion to 8.337 billion [30]. Core Insights - The smart logistics vehicle industry has evolved from a technology incubation phase (2015-2019) to a large-scale development phase (2020-2022), and is currently in a scenario pilot phase since 2023, with significant cost reductions and regulatory improvements facilitating commercialization [4][13]. - The industry faces three main bottlenecks: technological limitations, insufficient infrastructure, and a lack of regulatory frameworks [12]. - The logistics cost pressure is driving the adoption of smart logistics vehicles, as last-mile delivery costs have risen significantly, prompting companies to seek automation solutions [11]. Summary by Sections Industry Definition - The definition of unmanned delivery vehicles varies, with the industry leaning towards classifying them as N1 (total mass less than 3,500 kg) and A class (equipped with autonomous driving systems) vehicles [5]. Industry Classification - Unmanned logistics vehicles are categorized into low-speed, medium-speed, and other unmanned delivery vehicles based on their maximum design speed [6][7][8]. Development History - The industry has undergone a complete development cycle since 2015, with key milestones including the introduction of various unmanned delivery vehicles and significant policy support in China [13][14][16][17]. Industry Chain Analysis - The industry chain consists of upstream core component suppliers, midstream solution providers, and downstream application segments focused on reducing last-mile delivery costs [18]. Cost and Technology Drivers - The significant reduction in core component prices has led to a drastic decrease in vehicle costs, facilitating commercialization [19][23]. - The industry is transitioning towards a lightweight perception approach, utilizing visual systems supplemented by minimal laser radar [27]. Market Size and Growth - The smart logistics vehicle market is projected to grow from 0.511 billion to 8.337 billion from 2025 to 2030, driven by the need for cost reduction and efficiency improvements in logistics [30][31]. Policy Overview - Various policies have been introduced to support the application of unmanned delivery vehicles, emphasizing their role in enhancing logistics efficiency and reducing costs [36][37]. Competitive Landscape - The competitive landscape is characterized by a tiered structure, with leading companies like Jiusi and New Stone Technology at the forefront, while others are positioned in the second and third tiers based on their market strategies and capital investments [38][39][40].